Jerry Moyes, now 69, still works as CEO, and Reuters says he earned $1.44 million in the most recent year. The president is Richard Stocking, 42, who has spent his career with the company. What you have, at the end of the day, is a company favored by institutions, with a stable management team and a clear transition in place, one that benefits enormously from cross-border trade across North America.
Going public turned Swift from a family business into an institution, and a favorite investment of institutions. That is what an IPO is supposed to do. At the time of publication, the author had no investments in companies mentioned here. Follow @DanaBlankenhornThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.