http://www.themustangnews.com/fomoco_07/st-0607saleen.htm
If this story is true, then it is pretty sad. This happens time and time again in the US. You start your own company, then build it up, keeping control over everything, ensuring quality standards etc. You are the president and CEO, everything goes through you. Then bring in some investors, at first, for $$ capital reasons. Next comes selling out to a big corporation, for big $$$$, you become a token figurehead VP or similar, with no say whatsoever. Finally, you are forced out, and the company owns your product, your ideas, your facilities, and most importantly, your name. I am a guitarist, and I have seen this over and over in the guitar industry, with companies like Fender, Gibson, Jackson, Charvel and BC Rich all suffering similar fates, just to name a few. I know that this is old news, but going from owning and running your own successful company to importing affordable (read: cheap) cars from China, is like hitting rock bottom. How the mighty have fallen.... .02 cents.
If this story is true, then it is pretty sad. This happens time and time again in the US. You start your own company, then build it up, keeping control over everything, ensuring quality standards etc. You are the president and CEO, everything goes through you. Then bring in some investors, at first, for $$ capital reasons. Next comes selling out to a big corporation, for big $$$$, you become a token figurehead VP or similar, with no say whatsoever. Finally, you are forced out, and the company owns your product, your ideas, your facilities, and most importantly, your name. I am a guitarist, and I have seen this over and over in the guitar industry, with companies like Fender, Gibson, Jackson, Charvel and BC Rich all suffering similar fates, just to name a few. I know that this is old news, but going from owning and running your own successful company to importing affordable (read: cheap) cars from China, is like hitting rock bottom. How the mighty have fallen.... .02 cents.