How A High School Dropout Built A Business That Saves Companies Millions By Analyzing Their Spending

Dan Schneider, 35, is founder and CEO of SIB Cost Reduction, a Charleston, SC-based firm with 75 employees who help businesses cut expenditures on everything from garbage collection to telecom bills. Companies pay no up-front fee for Schneider’s services. They split any cost-savings he finds by roughly 50/50. Most of his clients have revenues of $200 million and up. They include Hyatt Hotels, senior residence provider Genesis Health Care and Pep Boys auto parts stores. In this condensed and ed...