Barrett Business Services (BBSI): A Tick-Tick-Ticking Time Bomb
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Transcript of Barrett Business Services (BBSI): A Tick-Tick-Ticking Time Bomb
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7/21/2019 Barrett Business Services (BBSI): A Tick-Tick-Ticking Time Bomb
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LIPPAZCKAEB ZA\AOZLD
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Jorratt Juskfass \arvklas (JJ\K)7 O Rklm-Rklm-Rklmkfh Rkna Jinj
Iur JJ\K Ipkfkif7 Of kfsurofla linpofy wktd jeiw-up pitaftkoe bua
ti tdkf rasarvas, quastkifojea olliuftkfh, o ralaftey bksleisab
rasarva stuby, ofb itdar rab ceohs
Cokr Soeua - $:;.00 par sdora, 1:% biwfskba
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LIPPAZCKAEB ZA\AOZLD
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KNPIZROFR Bksleoknar Peaosa raob tdks Bksleoknar kf kts aftkraty jacira
liftkfukfh ti raob iur rasaorld ipkfkif. [iu sdiueb bi yiur iwf rasaorld
ofb bua bkekhafla jacira nomkfh ofy kfvastnaft balkskif wktd raspalt ti
salurktkas livarab darakf. Xa strkva ti prasaft kfcirnotkif ollurotaey ofb
lkta tda siurlas ofb ofoeysks tdot daep cirn iur ipkfkif. Os ic tda bota tdks
ipkfkif ks pistab, tda outdir ic tdks rapirt dos o sdirt pisktkif kf tda
linpofy livarab darakf ofb stofbs ti raoekza hokfs kf tda avaft tdot tda
prkla ic tda stilm balekfas. Rda outdir bias fit privkba ofy obvoflab
worfkfh ic cutura rapirts ti itdars. Cieeiwkfh pujeklotkif ic tdks rapirt, tda
outdir noy trofsolt kf tda salurktkas ic tda linpofy, ofb noy ja eifh,
sdirt, ir fautroe ot ofy tkna daraoctar rahorbeass ic iur kfktkoe ipkfkif. Ri
tda jast ic iur ojkekty ofb jaekac, oee kfcirnotkif liftokfab darakf ks
ollurota ofb raekojea, ofb dos jaaf ijtokfab crin pujekl siurlas wa
jaekava ti ja ollurota ofb raekojea. Diwavar, suld kfcirnotkif ks prasaftab
os ks, wktdiut worrofty ic ofy mkfb wdatdar axprass ir knpekab. Rda
outdir ic tdks rapirt nomas fi raprasaftotkifs, axprass ir knpekab, os ti
tda tknaekfass ir linpeatafass ic ofy suld kfcirnotkif ir wktd rahorb ti
tda rasuets ti ja ijtokfab crin kts usa. Oee axprasskifs ic ipkfkif ora
sujgalt ti ldofha wktdiut fitkla ofb tda outdir bias fit ufbartoma ti
upbota ir suppeanaft tdks rapirt ir ofy ic tda kfcirnotkif liftokfab
darakf. Rdks ks fit of iccar ti juy ofy salurkty, fir sdoee ofy salurkty ja
iccarab ir sieb ti ofy parsif, kf ofy gurksbkltkif kf wdkld suld iccar wiueb
ja ufeowcue ufbar tda salurktkas eows ic suld gurksbkltkif.
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LIPPAZCKAEB ZA\AOZLD
YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
Pisskjea Lieeopsa ic Hriwtd ofb/ir Aorfkfhs
Xa ora lifvkflab kfvastirs (ofb aspalkoeey tda saee-skba ofoeysts) bi fit cueey ufbarstofb tda knpolt crin
JJ\K eiskfh kts eklafsa kf Loekcirfko. Kf of accirt ti wirm oriufb tda rahueotiry ldofhas, JJ\K dos aftarab o
criftkfh ohraanaft wktd OLA Eknktab (OLA).:;
Qfbar tda ohraanaft, JJ\K wkee poy o criftkfh caa ti kssua
wirmars' linpafsotkif pieklkas ufbar OLA's fona. Jahkffkfh if Gofuory ?, :0?1, faw pieklkas, os waee os
offuoe rafawoes, wkee ja wrkttaf if OLA's popar. JJ\K's nofohanaft dos suhhastab tdks trofsktkif wkee ja
raeotkvaey saoneass ofb kfaxpafskva. Xa jaekava tda knpolt wkee ja sujstoftkoe, ofb nofohanaft's ralaft
ravkskif ti kts astknotab criftkfh list suppirts iur vkaw.
Kf o criftkfh ohraanaft, tda criftkfh kfsurar (OLA) tomas if tda lrabkt ofb ekojkekty rksm ic tdakr lustinar's
jiim ic juskfass (JJ\K). Os o rasuet, criftkfh orrofhanafts ora usuoeey vary axpafskva. Cir axonpea,
Naobiwjriim Kfsurofla Hriup (NKH) eist kts O-rotkfh crin O.N. Jast kf Ouhust :0?
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LIPPAZCKAEB ZA\AOZLD
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wktd o snoee accalt kf ?_, ofb tdaf hriwkfh kf tda ranokfkfh quortars os nira lekafts
ora trofsktkifab. Jut wa wif't saa tda cuee accalt uftke tda ckrst quortar ic :0?1 0.3?% wdaf
riufbab ti twi balknoes kf Rojea :). Kt ks iur jaekac tdot tda skhfkckloft stap-up kf "itdar leokns axpafsa"
wos prkflkpoeey brkvaf jy tda faw OLA criftkfh ohraanaft. \uppirtkfh iur ofoeysks, nofohanaft sokb if
kts _:'?2 aorfkfhs loee tday dob lifvartab "ojiut o tdkrb ic iur faw ofb axkstkfh lekafts kfti tda criftab
orrofhanaft" tdriuhd tda tdkrb waam kf Guey. Rday oesi sokb tda itdar twi-tdkrbs wara axpaltab ti ja
lifvartab ivar tda ranokfbar ic :0?2.
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LIPPAZCKAEB ZA\AOZLD
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bronotkl rksa kf criftkfh/rakfsurofla/itdar leokn lists suhhast nofohanaft's ":1 ti
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LIPPAZCKAEB ZA\AOZLD
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?:22ckeafona%ureboto&jeijtojea>NufhiJeijs2:www.cosj.irh/ls/Jeij\arvar9jeijmay>kb&jeijfilolda>trua&jeijwdara>??814:0;????4&jeijdaobar>oppeklotkif%:Cpbc&jeijda
http://www.sec.gov/Archives/edgar/data/902791/000119312514100025/d629759d10k.htmhttp://www.sec.gov/Archives/edgar/data/902791/000119312513109536/d443983d10k.htmhttp://www.napeo.org/peoindustry/industryfacts.cfmhttp://www.expressnews.com/news/local/article/Players-in-largest-fraud-case-ever-sentenced-5257022.phphttps://www.dir.ca.gov/peo.htmlhttp://www.leginfo.ca.gov/pub/11-12/bill/sen/sb_0851-0900/sb_863_bill_20120919_chaptered.htmlhttps://www.sedgwick.com/resources/Documents/Studies/SB%20863%20Client%20Forum%20Summary.pdfhttp://www.lexisnexis.com/legalnewsroom/workers-compensation/b/reform-legislation/archive/2012/08/28/california-workers-compensation-reform-sb-863-analysis-self-insurance-provisions.aspxhttp://www.lexisnexis.com/legalnewsroom/workers-compensation/b/reform-legislation/archive/2012/08/28/california-workers-compensation-reform-sb-863-analysis-self-insurance-provisions.aspxhttp://peopros.com/?tag=california-peohttp://www.wcexec.com/Says-Self-Insured-Employee-Leasing-Firm-Is-In-Default.aspxhttp://www.dir.ca.gov/osip/SIP_StatementofEmergency.dochttps://www.sedgwick.com/resources/Documents/Studies/SB%20863%20Client%20Forum%20Summary.pdfhttp://www.insurancejournal.com/news/national/2013/08/05/300687.htmhttp://www.browardbulldog.org/2010/10/victims-everywhere-in-100-million-certified-services-fraud/http://www.browardbulldog.org/2010/10/victims-everywhere-in-100-million-certified-services-fraud/http://www.insurancejournal.com/news/national/2013/08/05/300687.htmhttps://www.sedgwick.com/resources/Documents/Studies/SB%20863%20Client%20Forum%20Summary.pdfhttp://www.dir.ca.gov/osip/SIP_StatementofEmergency.dochttp://www.wcexec.com/Says-Self-Insured-Employee-Leasing-Firm-Is-In-Default.aspxhttp://peopros.com/?tag=california-peohttp://www.lexisnexis.com/legalnewsroom/workers-compensation/b/reform-legislation/archive/2012/08/28/california-workers-compensation-reform-sb-863-analysis-self-insurance-provisions.aspxhttp://www.lexisnexis.com/legalnewsroom/workers-compensation/b/reform-legislation/archive/2012/08/28/california-workers-compensation-reform-sb-863-analysis-self-insurance-provisions.aspxhttps://www.sedgwick.com/resources/Documents/Studies/SB%20863%20Client%20Forum%20Summary.pdfhttp://www.leginfo.ca.gov/pub/11-12/bill/sen/sb_0851-0900/sb_863_bill_20120919_chaptered.htmlhttps://www.dir.ca.gov/peo.htmlhttp://www.expressnews.com/news/local/article/Players-in-largest-fraud-case-ever-sentenced-5257022.phphttp://www.napeo.org/peoindustry/industryfacts.cfmhttp://www.sec.gov/Archives/edgar/data/902791/000119312513109536/d443983d10k.htmhttp://www.sec.gov/Archives/edgar/data/902791/000119312514100025/d629759d10k.htm -
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LIPPAZCKAEB ZA\AOZLD
obarfona:>Liftaft-Eafhtd&jeijdaobarfona?>Liftaft-Bkspisktkif&jeijdaobarvoeua:>:22ckeafona%ureboto&jeijtojea>NufhiJeijs2t&rlt>g&q>&asrl>s&crn>?&siurla>waj&lb>:&lob>rgo&uolt>4&vab>0LLO_CgOJ&ure>dttps%gLj:Q3OC_gLFHrYFt21cQus;i:L1ntH\WxsxJ0Ih&skh:>?2bMhXXDekPtG8jv.8