Dominga holds WM 50.53: We are also working together with our customers, vendors, and industry groups, and we have made progress as we are finding some acceptance for better contract terms and higher fees to offset the higher processing costs that we are experiencing.

We have seen progress in our recycling operations, but the issues are complex, and it's not an overnight fix. Turning to recycling, as you heard us saying many times, the current recycling model is broken, and we and the entire industry need to fix it. With respect to volumes, we look at our traditional solid waste business volumes, which excludes recycling and non-unit or non-solid waste revenues. Management believes that core price is a better metric than yield as an indicator of the company's true pricing activities, since core price is not affected by differences in service mix in the same way as yield. Core price, which consists of price increases and fees, rose to 4.1% in the second quarter, a 10 basis point improvement from the year-ago quarter.


Verlene:
The Board overhaul will be the big hurdle.

Lavon:
In the end, CWST has a recurring cash flow stream and strong asset base, but the Board has no accountability to create value for shareholders.

Stacie:
JCP is officially waging a proxy battle, recently filing the proxy materials to elect two new directors.

Katherina:
Shareholders' returns are nonexistent, and they haven't seen any of the cash flow that the company has generated over the last decade.

Dotty:
CWST has paid out over $70 million over the last 10 years to related parties run by family members.

Etta:
Then there's related-party transactions causing issues.

Evette:
Beyond that, there's the opportunity to get margins higher.

Tiffanie:
We covered CWST back in April, noting that the big part of change at the company will have to come from corporate governance overhaul.

Jeremy:
A smaller part of revenues comes from organics, customer resource solutions and recycling.

Carlos:
It primarily operates on the East Coast, with about three-quarters of its revenues coming from the solid waste businesses.

Waste Management (NYSE:WM)
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