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LemonD's Yellowstone Club Bankrupt
http://www.nytimes.com/2009/06/14/bu...1&ref=business
What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. The legend continues... - dave a |
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#2
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LemonD's Yellowstone Club Bankrupt
"dave a" wrote in message
... http://www.nytimes.com/2009/06/14/bu...1&ref=business What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. The legend continues... Hopefully Greg got out cleanly. I'd hate to see him put in a financial bother. He's bad enough when he's in a good mood. |
#3
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LemonD's Yellowstone Club Bankrupt
"dave a" wrote in message ... http://www.nytimes.com/2009/06/14/bu...1&ref=business What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. The legend continues... - dave a This is pretty old news and, to LeMond's credit, he recognized the problems some time ago and worked to get his money out before things collapsed. So ar far as contributing to the "legend" I'd say the "legend" is a bit inconsistent. LeMond is as well known for bad business moves as good. --Mike-- Chain Reaction Bicycles www.ChainReactionBicycles.com |
#4
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LemonD's Yellowstone Club Bankrupt
On Jun 14, 7:00*pm, dave a wrote:
http://www.nytimes.com/2009/06/14/bu...l?_r=1&ref=bus.... What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. Dumbass - He should sue LANCE. and FLandis too. Everything is those guys' fault. thanks, Kurgan. presented by Gringioni. |
#5
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LemonD's Yellowstone Club Bankrupt
On Jun 15, 12:36*am, KG wrote:
On Jun 14, 7:00*pm, dave a wrote: http://www.nytimes.com/2009/06/14/bu...l?_r=1&ref=bus... What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. Dumbass - He should sue LANCE. and FLandis too. Everything is those guys' fault. thanks, Kurgan. presented by Gringioni. I posted this in another thread somewhe http://www.chicagobusiness.com/cgi-bin/news.pl?id=34222 Wonder how LemonD keeps all the suits he's involved in straight. If you watched that vid of him, he seems pretty rattled these days. Brad Anders |
#6
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LemonD's Yellowstone Club Bankrupt
On Jun 15, 8:59*am, "Paul B. Anders" wrote:
On Jun 15, 12:36*am, KG wrote: On Jun 14, 7:00*pm, dave a wrote: http://www.nytimes.com/2009/06/14/bu...l?_r=1&ref=bus... What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. Dumbass - He should sue LANCE. and FLandis too. Everything is those guys' fault. thanks, Kurgan. presented by Gringioni. I posted this in another thread somewhe http://www.chicagobusiness.com/cgi-bin/news.pl?id=34222 Wonder how LemonD keeps all the suits he's involved in straight. If you watched that vid of him, he seems pretty rattled these days. Dumbass - Interesting. They must have a couple of jackasses designing that thing. It can't be that hard to make it reliable - it's a simple device with no weight constraint. I guess if one considers how whacked out his seeking out confrontation w/ LANCE and Flandis has been, it's not too surprising that his business ventures would have poor results. thanks, Kurgan. presented by Gringioni. |
#7
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LemonD's Yellowstone Club Bankrupt
Dans le message de
, KG a réfléchi, et puis a déclaré : On Jun 15, 8:59 am, "Paul B. Anders" wrote: On Jun 15, 12:36 am, KG wrote: On Jun 14, 7:00 pm, dave a wrote: http://www.nytimes.com/2009/06/14/bu...l?_r=1&ref=bus... What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. Dumbass - He should sue LANCE. and FLandis too. Everything is those guys' fault. thanks, Kurgan. presented by Gringioni. I posted this in another thread somewhe http://www.chicagobusiness.com/cgi-bin/news.pl?id=34222 Wonder how LemonD keeps all the suits he's involved in straight. If you watched that vid of him, he seems pretty rattled these days. Dumbass - Interesting. They must have a couple of jackasses designing that thing. It can't be that hard to make it reliable - it's a simple device with no weight constraint. I guess if one considers how whacked out his seeking out confrontation w/ LANCE and Flandis has been, it's not too surprising that his business ventures would have poor results. thanks, Kurgan. presented by Gringioni. I don't know, Henry. Looking at the story, all there is to go on is that pedals, saddles and handlebars were not up to snuff. How that managed to amount to over a quarter of a million dollars in warranty treatment is hard for me to imagine. I mean, they aren't really exclusive, innovative or proprietary pieces, given the picture. And how the cost of warranty work turns into a claim for fifteen times in damages the actual costs seems a tad speculative. When a company (Brunswick) finds it revenues halved, it looks for alternative sources of revenue, and a lawsuit is not uncommonly proposed to cover some of the shortfall. Damages awarded, following the logic of the new report, would be entirely profit, not related to ROI. I am loathe to suggest that the original contract may have been drawn inaptly, but that could generate conflicts by the dozen. And if the model concerned was not competitive with others on the market, was of poorer quality, or somehow failed to fulfill the forecasts of Brunswick, that is a competitive commercial risk all companies undertake. So maybe you're right - that the equipment is too simple to have failed so badly. And maybe Brunswick feels that it has no other way to exploit what it had hoped would be a profitable endeavour. Or maybe, if unlikely, Brunswick figured Lemond is an easy target for litigation. Business litigation is really designed to resolve disputes, not to malign a person or a company. If each side can present its case well, the conclusion (settlement or judgment) will probably be sensible, not scandalous. Don't let your obsession with Lemond blind you to this simple fact. -- Sandy Verneuil-sur-Seine FR - The problem with people who have no vices is that generally you can be pretty sure they're going to have some pretty annoying virtues. - Elizabeth Taylor |
#8
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LemonD's Yellowstone Club Bankrupt
On Jun 15, 2:00*pm, "Sandy" wrote:
Dans le message , KG a réfléchi, et puis a déclaré : On Jun 15, 8:59 am, "Paul B. Anders" wrote: On Jun 15, 12:36 am, KG wrote: On Jun 14, 7:00 pm, dave a wrote: http://www.nytimes.com/2009/06/14/bu...l?_r=1&ref=bus... What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. Dumbass - He should sue LANCE. and FLandis too. Everything is those guys' fault. thanks, Kurgan. presented by Gringioni. I posted this in another thread somewhe http://www.chicagobusiness.com/cgi-bin/news.pl?id=34222 Wonder how LemonD keeps all the suits he's involved in straight. If you watched that vid of him, he seems pretty rattled these days. Dumbass - Interesting. They must have a couple of jackasses designing that thing. It can't be that hard to make it reliable - it's a simple device with no weight constraint. I guess if one considers how whacked out his seeking out confrontation w/ LANCE and Flandis has been, it's not too surprising that his business ventures would have poor results. thanks, Kurgan. presented by Gringioni. I don't know, Henry. *Looking at the story, all there is to go on is that pedals, saddles and handlebars were not up to snuff. *How that managed to amount to over a quarter of a million dollars in warranty treatment is hard for me to imagine. * snip Dumbass - It depends upon the number of units. Here's my speculation: Brunswick was probably adding their label to it right? That means it was a OEM wholesale transaction. Probably had a contract for a lot of units. Went to China to produce. Had some jackass running quality control (none). Didn't bother to run a batch of prototypes, making sure that the quality is good enough. Produce them in bulk with crap quality. When Brunswick gets them and ships them, the end customers have problems with the ****ty quality parts and have to ship them back. Once again, the preceding paragraph is just speculation, but lack of oversight from the US is a common way to get lousy import product. I don't buy your theory about the suit simply being a harrasment revenue generator. LemonD's not a deep pocket. It's not like a cancer victim suing Phillip Morris Inc. thanks, Kurgan. presented by Gringioni. |
#9
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LemonD's Yellowstone Club Bankrupt
"Sandy" wrote in message ... The problem with people who have no vices is that generally you can be pretty sure they're going to have some pretty annoying virtues. - Elizabeth Taylor Yesterday's vices seem to be today's necessities. |
#10
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LemonD's Yellowstone Club Bankrupt
KG wrote:
On Jun 15, 2:00 pm, "Sandy" wrote: Dans le message , KG a réfléchi, et puis a déclaré : On Jun 15, 8:59 am, "Paul B. Anders" wrote: On Jun 15, 12:36 am, KG wrote: On Jun 14, 7:00 pm, dave a wrote: http://www.nytimes.com/2009/06/14/bu...l?_r=1&ref=bus... What I find fascinating about this story is that the Yellowstone Club is described as a "check your ego at the door" club for billionaires. LemonD was an investor, then sued. Dumbass - He should sue LANCE. and FLandis too. Everything is those guys' fault. thanks, Kurgan. presented by Gringioni. I posted this in another thread somewhe http://www.chicagobusiness.com/cgi-bin/news.pl?id=34222 Wonder how LemonD keeps all the suits he's involved in straight. If you watched that vid of him, he seems pretty rattled these days. Dumbass - Interesting. They must have a couple of jackasses designing that thing. It can't be that hard to make it reliable - it's a simple device with no weight constraint. I guess if one considers how whacked out his seeking out confrontation w/ LANCE and Flandis has been, it's not too surprising that his business ventures would have poor results. thanks, Kurgan. presented by Gringioni. I don't know, Henry. Looking at the story, all there is to go on is that pedals, saddles and handlebars were not up to snuff. How that managed to amount to over a quarter of a million dollars in warranty treatment is hard for me to imagine. snip Dumbass - It depends upon the number of units. Here's my speculation: Brunswick was probably adding their label to it right? That means it was a OEM wholesale transaction. Probably had a contract for a lot of units. Went to China to produce. Had some jackass running quality control (none). Didn't bother to run a batch of prototypes, making sure that the quality is good enough. Produce them in bulk with crap quality. When Brunswick gets them and ships them, the end customers have problems with the ****ty quality parts and have to ship them back. Once again, the preceding paragraph is just speculation, but lack of oversight from the US is a common way to get lousy import product. I don't buy your theory about the suit simply being a harrasment revenue generator. LemonD's not a deep pocket. It's not like a cancer victim suing Phillip Morris Inc. thanks, Kurgan. presented by Gringioni. It looks to me as if only the handlebars may have some design input by Lemond. The saddle and pedals are off the shelf production items. Lemond/Brunswick's problem is that their guy spec'ed cheap ass ****. |
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