Missy,I think that's a little unfair, and here's why;
Richmond engineered the departure of several key paint production staff, all at the same time, from Procaps, to GI Milsim. This directly affected the ability of procaps to make paint, at least good paint.
At this point, the new CEO made a harsh, but in my opinion, utterly necessary decision, to cut all other people with close ties to Richmond/GI Milsiim, as he believed that these people were just counting the days, and gathering intel for Richmond, before joining him themselves. In fact, this has eventually bcome the case in almost every example.
In other words, he was right.
Now, I'm no fan of the guy, and have never met him, but he made a difficult business decision, at a difficult time, and it proved (at least in my eye's, and at least in this case) to actually be the right one.
The loss of the traditional business is another matter. Strike another blow for KEE I guess. Does everyone think thats a good thing for the industry? I don't.
Look for Procaps to be sold by Christmas (Dec 31st)
Thanks for the insight.Missy,
I guess it might seem that way from an outsiders view but let me enlighten you on a few points that may make it seem at little different. Of course I am in a position to do this as I have extensive knowledge of all that transpired.
Firstly let me assure you that everyone who was a key player in the company also had 1or 2 year non-competes in their contracts. So anyone who left was in a bad financial position.
Now to show a side of Molyneux that I have seen but perhaps others have not....
It was well known that Richmond wasn't happy with the way in which the company was being run and as a shareholder, true to Richmond’s nature, he spoke directly with Rob and told him his feelings. That’s one thing about Richmond - he tells you to your face, good or bad. He even told him that he was going to ask for a vote of no confidence at a forthcoming board meeting.
The very next morning Richmond’s cousin, who was heading up worldwide sales, was fired by Rob personally with no reason or warning. He was also told by Rob to remind Richmond what family was all about. It was clear that it was a warning shot to Richmond. I should add that the cousin was not a board member and could not have influenced any vote against Rob. He was just a very easy and personal target to pick.
That was the day that Richmond decided that he was fed up with his friends being treated like sh!t and now that their lively hoods were being threatened, he decided to start the new company as soon as he was legally able to.
I'd agree that GI Sportz looks familiar in respect of some people that are working there but if Rob hadn't fired them they would not have necessarily left. They may not have joined GI with the hatred for Rob and the drive to want to put the guy out of business. Was Richmond smart in seeing and exploiting this, whilst at the same time offering them, his friends, assistance. Of course he was but was he guilty of anything – no.
There are also still people that are working at Procaps that I am sure would be beneficial to the new company – but yet they stay and no, they are not intelligence plants.
So GI Sportz you say is an orchestration – agreed in part, but only because the original conductor was creating an inharmonious din with his wind section.
...seems to me if they indeed were 'lively hoods' then being threatened wouldn't have phased them one bit ....Missy,
I guess it might seem that way from an outsiders view but let me enlighten you on a few points that may make it seem at little different. Of course I am in a position to do this as I have extensive knowledge of all that transpired.
Firstly let me assure you that everyone who was a key player in the company also had 1or 2 year non-competes in their contracts. So anyone who left was in a bad financial position.
Now to show a side of Molyneux that I have seen but perhaps others have not....
It was well known that Richmond wasn't happy with the way in which the company was being run and as a shareholder, true to Richmond’s nature, he spoke directly with Rob and told him his feelings. That’s one thing about Richmond - he tells you to your face, good or bad. He even told him that he was going to ask for a vote of no confidence at a forthcoming board meeting.
The very next morning Richmond’s cousin, who was heading up worldwide sales, was fired by Rob personally with no reason or warning. He was also told by Rob to remind Richmond what family was all about. It was clear that it was a warning shot to Richmond. I should add that the cousin was not a board member and could not have influenced any vote against Rob. He was just a very easy and personal target to pick.
That was the day that Richmond decided that he was fed up with his friends being treated like sh!t and now that their lively hoods were being threatened, he decided to start the new company as soon as he was legally able to.
I'd agree that GI Sportz looks familiar in respect of some people that are working there but if Rob hadn't fired them they would not have necessarily left. They may not have joined GI with the hatred for Rob and the drive to want to put the guy out of business. Was Richmond smart in seeing and exploiting this, whilst at the same time offering them, his friends, assistance. Of course he was but was he guilty of anything – no.
There are also still people that are working at Procaps that I am sure would be beneficial to the new company – but yet they stay and no, they are not intelligence plants.
So GI Sportz you say is an orchestration – agreed in part, but only because the original conductor was creating an inharmonious din with his wind section.