Waste Management

Waste Management is a provider of waste and environmental services in North America. Waste Management, Inc. is a leading provider of integrated environmental solutions in North America. Waste Management is a leading provider of comprehensive environmental solutions services in North America, serving more than 21 million customers in the U.S. and Canada. As part of their strategy, they are committed to developing new waste solutions that can help communities and organizations achieve their green goals, including zero waste. With the largest network of recycling facilities, transfer stations and landfills in the industry, their entire business can adapt to meet the needs of every distinct customer segment, including municipalities, construction sites, healthcare facilities, commercial buildings and many others. As North America’s largest residential recycler, their goal is to manage more than 20 million tons of recyclable material each year by 2020. Last year, they managed more than 15 million tons. Waste Management is also a renewable energy provider. One of the ways they do this is by recovering the naturally occurring gas inside landfills to generate electricity, called landfill-gas-to-energy. By the end of 2014, they operated over 134 beneficial-use landfill-gas projects, producing enough energy to power nearly 500,000 homes.

1968: One of these companies was Waste Management, a Chicago-based enterprise founded in 1968 by Dean Buntrock and Wayne Huizenga through a merger of several garbage companies in Illinois, Wisconsin, and Florida.

1970: The Environmental Protection Agency (EPA) is founded as an independent federal agency to regulate the safety and security of the natural environment across the nation.

1975: In 1975, yet another rich opportunity presented itself to the company's founders.

1976: The Resource Conservation and Recovery Act is created to plan for recycling, conservation and waste management.

1977: Management came up with a slightly curtailed package of services at a cost of US$242 million over five years and was awarded the contract beginning in 1977.

1979: In 1979, earnings were almost 10% of sales.

1982: By 1982, Waste Management had become the world’s largest waste disposal company, with more than $1 billion in sales.

1984: Most significant among its many acquisitions was the 1984 purchase of 60% of SCA Services, Inc., a Boston-based company ranking third in the waste-treatment industry.

1985: Sales continued to spiral, approaching $2 billion by 1985.

1987: Waste Management was founded on September 30, 1987 and is headquartered in Houston, TX.“

1988: In 1988, when Wheelabrator sold 20% of its stock to WMI, it was the second-leading builder and operator of such systems, with sales of about $1 billion.

1990: In 1990, WMI's residential recycling service grew 150%.

1991: By 1991 WMI, the largest collector of recyclable materials in the United States and Canada, served some four million households.

1993: In 1993, Waste Management, Inc. changes to WMX Technologies, Inc.

1995: Later in 1995, USA Waste acquired the assets of Allied Waste Industries, Inc. in Canada, after the Laidlaw acquisition.

1996: In 1996, USA Waste Services acquired Kosti Shirvanian hauler Western Waste Industries, which put USA Waste right behind number 1 hauler WMX Technologies, Inc., and number 2 Browning-Ferris Industries, Inc.

1997: When a new CEO took charge of the company in 1997, he ordered a review of the company's accounting practices in 1997. Early in 1997, USA Waste acquired both BFI's and WMX's Canadian assets.

1998: In 1998, in a pivotal development point, Waste Management merged with USA Waste Services, Inc. In 1998, USA Waste acquired City Management Corp. in MI. Later in 1998, John Drury and USA Waste Services, Inc., and hauler WMX Technologies, Inc. merged.

1999: In late 1999, John Drury stepped down as chairman due to brain surgery.

2000: In April 2000, Drury died.

2008: On August 15, 2008, Republic Services, Inc. denied Waste Management's bid for a second time. On August 11, 2008, the bid was raised to $37 per share.

2009: In January 2009, a global economic crisis forced Waste Management to aggressively reduce and restructure its corporate workforce.

2010: On February 7, 2010, CBS debuted a new TV series called Undercover Boss after the Super Bowl.

2015: In 2015, Winters Brothers assumed all of WM's operations in Connecticut and New York (excluding New York City, and continues to service these regions under contract with WM.

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According to Waste Management, the company mission is: “to provide society, clients, solutions and tools designed to implement environmental commitments in a safe, efficient and responsible manner".

Based on information on Waste Management website, the company vision is: “to reduce the amount of waste by promoting individual and corporate responsibility".