May 11, 2011
NEWS FLASH: Red Light Cameras Don't Work!
Do you remember when you wondered why math was important in school? As it turns out, without the most basic math skills, you might end up working for companies like Redflex or American Traffic Solutions.
Earlier this week, we saw how terrible Redflex is at calculating the worth of their company, but what about American Traffic Solutions?
News from Texas and Missouri this week proves that they may be greatly hindered in basic calculations.
May 10, 2011
Redflex shares closed at $2.61 on Monday, after trading was halted.
Chris Cooper and his sphere of investors rejected an offer for $2.75/share by Macquarie/Carlyle.
May 9, 2011
Chris Cooper tells Macquarie and The Carlyle Group to hit the road
Chris Cooper, former chairman of Redflex Traffic Systems didn’t mince words when talking about the rejection of a $305 Million bid from The Carlyle Group and Macquarie Bank to buy the company, which had been raised to $2.75/share on Friday.
October 1, 2009
…Not sure if you have heard but Redflex is laying some people off. This is due to them screwing the pooch on the DPS contract so bad. Not sure how many but I was one of the first. Too bad you really can’t see how the operation is run there. Totally screwed up is a nice way of saying it…
It’s not just those low on the corporate ladder that might be looking for a new job at beleaguered photo radar and scam cam vendor Redflex Group. Shareholders are infuriated at the way the company has been run lately, and are attempting to oust the “leadership” team down under.
Don’t be surprised to see that shake-up have direct consequences for Redflex Traffic Systems, the pseudo Arizona/Delaware subsidiary of the Australian firm.
Occam's razor: This complicated workflow of photo enforcement doomed it from the beginning by combining the worst from government and industry.
The statewide Arizona contract has been a nightmare from the start, going from being a halo project that could be used to sell other entire states, to a disaster entailing a huge investment of money just to deal with the sheer amount of equipment needed to surveil those driving within the Grand Canyon State.
Hiring a cop to write paper tickets is a simple, straightforward process. When you unnecessarily complicate a task, Occam’s razor kicks in and the system collapses under its own weight. Combine that with the typical bumbling bureaucrats in government and you have the same predictable result: failure.