Geico vs. SBI Resolved
06-04-2010, 11:21 AM
#1
Correspondent
CorrespondentThread Starter
Geico vs. SBI Resolved
After yesterday's mediation meeting, http://www.boats.com/boat-content/20...ably%E2%80%9D/.
Good news for a Friday.
Good news for a Friday.
06-04-2010, 11:55 AM
#3
Charter Member
Does it help the sport when another scheme with big promises and no follow through goes unpunished? I suppose the next guy with a "big idea" can come along and put out another grand plan with no fear of consequences as has happened so many times in the past. Glad it's the sport of the "Rich and Famous" 
06-04-2010, 01:09 PM
#4
Correspondent
CorrespondentThread Starter
Does it help the sport when another scheme with big promises and no follow through goes unpunished? I suppose the next guy with a "big idea" can come along and put out another grand plan with no fear of consequences as has happened so many times in the past. Glad it's the sport of the "Rich and Famous"
Since no one other than the principals and their counsel know the terms of the resolution, we also don't know about "punishment" (i.e. reparations, terms, etc.) or the "consequences," as you put it. That they decided to keep the terms of the resolution confidential means, to me at least, found terms they both could live with.
Obviously, the people at Geico were upset enough to file a lawsuit against SBI. And having spoken twice now to their attorney, I have no reason to believe they were not serious about it. But somehow both parties managed to resolve it "amicably."
To me, yes, that's a victory.
06-04-2010, 01:21 PM
#5
Strictly in your terms Matt, yes it is a victory that more dirty laundry of offshore powerboat racing has not been aired out in public. But it just seems that every time something good appears it is either completely false or at least not as advertised. If as much time were spent by everyone involved trying to make a better, more marketable product as propping up smoke and mirrors, we would be much further along in the general scheme of things. Obviously I am much more attuned to smoke and mirrors as of late 
06-04-2010, 01:49 PM
#6
Correspondent
CorrespondentThread Starter
Strictly in your terms Matt, yes it is a victory that more dirty laundry of offshore powerboat racing has not been aired out in public. But it just seems that every time something good appears it is either completely false or at least not as advertised. If as much time were spent by everyone involved trying to make a better, more marketable product as propping up smoke and mirrors, we would be much further along in the general scheme of things. Obviously I am much more attuned to smoke and mirrors as of late
What the hell. It's Friday.
06-04-2010, 09:21 PM
#8
06-04-2010, 09:33 PM
#10
LOOK AT THE LEAD NOW!!!!!
Platinum Member
After being around for so many years as a spectator and a racer/team member. OPA and Geico have the best game in town going by far here in the USA. Not since the LLC have I seen such GREAT racing!!!
