Like Tree0Likes

Reggie Fountain Can't be Put Down

Reply
Old 07-24-2008, 07:42 PM
  #51
Registered
 
TEAMBAJA's Avatar
 
Join Date: Dec 2002
Location: Bucyrus, Ohio
My Boats: 24 OUTLAW
Posts: 6,654
Default

Quote:
Originally Posted by Dock Holiday View Post

Hopefully he makes it and we the tax payers see a return?
You mean like a free "Cat Killer" DVD for all the tax payers?
TEAMBAJA is offline  
Reply With Quote
Old 07-24-2008, 08:09 PM
  #52
Registered
 
Join Date: Aug 2005
Posts: 323
Default

A great day in boating. My hats off to Mr. Fountain and his staff.
fountainracing65 is offline  
Reply With Quote
Old 07-24-2008, 08:39 PM
  #53
Registered User
Gold Member
 
bcfountain's Avatar
 
Join Date: Apr 2007
Location: prince george,va
My Boats: 27fountain/04waverunner/10meter
Posts: 1,476
Default watching you

Quote:
Originally Posted by mccaffertee View Post
I will start off saying I cannot stand Reggie, his boats, his clothes, his hair, his jewelry and etc. But personal opinions aside...

It seems like these statements have been around since he built his first boat. Year after year after year, people have disrespected this man's ambitions and drive. I do believe failure is not an option to Reggie. Too bad more business leaders can't offer this outlook.

Godspeed to fountain and his team!
just rember,reggie is watching you,lollol.
bcfountain is offline  
Reply With Quote
Old 07-24-2008, 08:44 PM
  #54
Registered
 
TEAMBAJA's Avatar
 
Join Date: Dec 2002
Location: Bucyrus, Ohio
My Boats: 24 OUTLAW
Posts: 6,654
Default

Quote:
Originally Posted by mccaffertee View Post

I do believe failure is not an option to Reggie. Too bad more business leaders can't offer this outlook.
It may be a forced option with the current economy. If anything, I believe the Baja line will be what keeps Fountain rolling. The Baja fanbase is huge........just go to one of Hawkeyes events and you'll see what Im talking about! Talk about brand loyal..........
TEAMBAJA is offline  
Reply With Quote
Old 07-24-2008, 09:01 PM
  #55
OSO OG
Gold Member
 
DollaBill's Avatar
 
Join Date: Feb 2004
Location: Blue Martini Hall of Fame
My Boats: Making hot chicks hotter since 2010
Posts: 7,031
Default

Quote:
Originally Posted by mccaffertee View Post
I will start off saying I cannot stand Reggie, his boats, his clothes, his hair, his jewelry and etc. But personal opinions aside...

It seems like these statements have been around since he built his first boat. Year after year after year, people have disrespected this man's ambitions and drive. I do believe failure is not an option to Reggie. Too bad more business leaders can't offer this outlook.

Godspeed to fountain and his team!
"I can't stand Reggie" is a strong statement. You may not like the way he does business, or really the fact that he is RELENTLESS in his pursuit for success, but you can't not respect the man.

I don't comment on this Fountain soap drama often but I have a little to add. I know Reggie personally. Met his family, hung out out his house (when he wasn't working which is almost never) and have had many dinners and "talked boats" over many meals all over the country with him.

Regardless of anyones opinion of his tactics for growing/keeping/running FPB alive, the only reason the company, boats and really, offshore racing for the past 20 years, exists is because he refuses to give up.
I'm not not knocking the guys who haven't been in business for themselves but you just wouldn't understand. He created something from NOTHING.

Failure is not an option if you started a company and decide, no matter what, that you will be successful. PERIOD. I made some investments when I was younger and dumber that I should've never done but never doubted myself and NEVER considered failure as an option

Last edited by DollaBill; 07-24-2008 at 09:04 PM.
DollaBill is offline  
Reply With Quote
Old 07-24-2008, 09:05 PM
  #56
Registered
 
Join Date: Jun 2006
Location: Sunland, CA
My Boats: 2000 Fountain 32 Sportfish Cruiser
Posts: 377
Default

Grants to businesses with stipulations for employment payrolls (as with this grant) are a very, very good use of public money. If you have ever owned a company, you KNOW that by very far, the biggest payables is TAXES.

Total taxes exceed total payroll deposited by the employees. Add it up. Payroll taxes. Property taxes. Sales taxes. Registration fees. It goes on and on.

If Reggie pays 250x30,000 = 7.5 million per year in gross payroll, he's paying taxes of about that same amount. So the ROI to the state is 2 years. Try and find any other investment with that ROI. There is a reason countries exist forever.
carcrash is offline  
Reply With Quote
Old 07-24-2008, 09:17 PM
  #57
Registered
 
Join Date: Dec 2003
Location: Raleigh,NC & 1000 Islands,NY
My Boats: 99' AT28twin, 2004 Starcraft, 1978 Switzer
Posts: 1,024
Default

As a NC resident, and a taxpayer who was robbed by the NC Dept of Revenue, I am appalled....but I am a capitalist at heart so I understand his way of thinking. If I could figure out how to get the state to GRANT/give 12mil to my biz, that does help to support the economy, (back when people were still buying homes!) I'd be right there to pick up the check.

BTW,....fountain & baja are both chevy's...right??
spilman is offline  
Reply With Quote
Old 07-24-2008, 11:51 PM
  #58
Registered
 
Join Date: Jun 2008
Location: Naperville, IL
Posts: 255
Default

Quote:
Originally Posted by Big Time View Post
It is my understanding that Baja was going to go under anyway (only a matter of time), so everyone would have lost their jobs anyway.

At the end of the day it would make more business sense to build both boats in one plant. I'm sure some of the same equip can be used and synergies can be realized in a single plant.
TeamBaja, can you comment on this? It seemed to me Baja was more stable than other boat companies at this point...

You and the ex Baja guys would know best though.
Tristar Racing is offline  
Reply With Quote
Old 07-25-2008, 12:26 PM
  #59
Gold Member
Gold Member
 
Big Time's Avatar
 
Join Date: Aug 2007
Location: Westport, CT
Posts: 1,470
Default

The thing is no one wants to see fountain go out of business....think about how many performance boats they turn out. Mercury would be devastated if FPB went out of business, so would the rest of the marine industry that provides rigging for Fountain. I'm not saying that Mercury would go out of business, but I have to think that FBP supports a lot of the industry in general. That grant that is helping FPB may also be allowing Joe Schmoe at Mercury to keep his job.....there's a bigger picture that people are missing.
Big Time is offline  
Reply With Quote
Old 07-25-2008, 01:14 PM
  #60
Registered User
 
Join Date: Oct 2003
Posts: 9,495
Default

Look at it from the other perspective...

Had Reggie decided to build a high-end boat in marketable quantities, where would the rest of the business be? He could have been right there with Cig, Nor Tech, OL and some others, but he decided to build a dynasty. But in his quest to be the biggest, he's only succeeded in losing investor's money and building a company that doesn't generate profits.

How many other quality builders would be out there today had Reggie not succumbed to his ego?

As far as Merc and all of Fountain's other subs- this isn't the Japanese dumping on our market. If Fountain went away today, the market for midrange-quality performance boats would neither shrink nor grow. Those same outdrives, the same cables, seats, gauges, etc. would go into the increased production of an existing builder or that of an upstart.

That grant doesn't benefit the greater good of the country or the industry and there is no altruistic motive. It's there for one reason- a predatory move on behalf of one state to attract jobs away from another. Happens every day.

P.S. I live and operate a business in Ohio and I know first-hand why Reggie is moving Baja to North Carolina. This is not a business-friendly state and it's headed the opposite direction.

Quote:
Originally Posted by db71 View Post
I do feel from what I have read and seen that he is very relentless to keep fpb in business at all costs. The downside to his business is he makes it go around without him who else is going to be that relentless.

.
A very good point here- Reggie's no teenager. At some point, his abilities will begin to lag behind his desires. And he's not going to live forever. So where does that leave Fountain? I have to wonder what would become of FPB once Reggie's not in the picture.
Chris Sunkin is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
blume
General Boating Discussion
21
07-19-2006 03:42 PM
Hauling Trash
General Racing Discussion
11
12-02-2004 01:53 PM
Alli-Runner
Fountain
19
01-27-2004 11:10 AM
Alli-Runner
General Boating Discussion
61
01-23-2004 03:09 PM
sy goldberg
General Boating Discussion
71
01-17-2002 12:11 AM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 12:55 AM.


Copyright 2011 OffShoreOnly. All rights reserved.