Like Tree0Likes

Is Reggie really out?

Reply
Old 12-03-2010, 12:53 AM
  #21
Registered
 
Join Date: Jan 2007
Posts: 1,656
Default

Quote:
Originally Posted by glassdave View Post
they cant, its called restraint of trade and most times it supercedes a non-compete. I've delt with them as employer/employee but I'm sure its different at the corporate level especially if its contingent on the sale of a business. I've signed non competes and laughed at them while i was doing it.
I have seen lots of non-competes at several different levels, skill sets and industries.

I'm sure there are some good ones out there but I have yet to ever see one worth the paper it was printed on.

Even the ones that people hold themselves to have an expiration date.

You can't keep someone from making a living. And even if you do you can't keep them from making a living forever...

Your own attorney will tell you they're enforceable but that's usually because he or she doesn't want to be liable any more to you than your opponent.

It's usually easier and cheaper for them to just say no vs. trying to help you find a way to say yes half the time.
SDFever is offline  
Reply With Quote
Old 12-03-2010, 04:56 AM
  #22
Registered
 
Join Date: Jun 2006
Posts: 2,067
Default

Quote:
Originally Posted by spk1 View Post
Hopefully they continue to build a quality boat with Reggie or without, I fear there is alot of hedge fund / trader mentality in the corporate world today, and may be a major reason why Reggie would be having issues with the transition, some of the corporate tricks involved at that level is enough to make anyone lose their cool, remember a fountain is not a fountain without Reggies family name, Im sure he is going to try like hell to protect it. Anyone who has sold a family business to a major corporation knows exactly what I am talking about. I dont have a Fountain, but I respect Reggie, he does alot for our sport, he was never afraid to show his face at events and shows during the bankruptcy, I saw him in miami and key west that year, which is when I became a fan. That takes balls, and in my humble opinion, hes done great things for our sport reguardless if you have a cat a vee, or a jetski.
+ 1!
stainless is offline  
Reply With Quote
Old 12-03-2010, 08:02 AM
  #23
Lakeside Restorations.com
Commercial Member
 
LAKESIDE RESTORATIONS's Avatar
 
Join Date: Nov 2003
Location: NorthEastern, PA
Posts: 2,512
Default

Quote:
Originally Posted by LostinBoston View Post
Will Reggie start another company and become the new Don Aronow? Lets get winter started right. Apache part Deux (or 3, 4, 5, 6?)
That would be interesting..
__________________
www.LakesideRestorations.com 570-639-2628
We Make Fast Toys Faster, Cool Toys Cooler and Old Toys New!.. Performance, Custom & OEM Parts & much MORE![/CENTER]
LAKESIDE RESTORATIONS is offline  
Reply With Quote
Old 12-03-2010, 08:27 AM
  #24
Registered
 
Join Date: Aug 2004
Location: Roswell, Ga
My Boats: Missing my Cigarette
Posts: 975
Default

Like him or not he has doon a lot for this sport, Go Reggie, I'm pulling for ya.
twin screws is offline  
Reply With Quote
Old 12-03-2010, 09:20 AM
  #25
Registered
 
Join Date: Jul 2008
Posts: 101
Default

Its been made clear to me that Reggie is having a difficult time working for Johnny Walker and having a boss.

Also made clear is that the guards have been instructed to NOT permit him onto the property until he signs his non-comp agreement.
Boat Boss is offline  
Reply With Quote
Old 12-03-2010, 10:03 AM
  #26
VIP Member
VIP Member
 
FuelinAround's Avatar
 
Join Date: Jul 2009
Location: Owensboro, KY
My Boats: Sonic 31SS
Posts: 1,573
Default

In the corporate world I have signed and issued many non competes through buyouts. I also have had judged enforce them on 2 occassions. The trick is how broad of an area you ask for. I usually just don't want anyone competing in my market which I usually counted as a 100 mile radius of my hometown city. For a company like fountain that is world wide it is a little harder. If non competes weren't enforceable then many buyouts wouldn't make as much sense. Just my 2 cents from personal experiences though.
__________________
*ISN'T IT FUNNY THAT WAR AND LOSS OF JOBS BUILT SOME OF OUR MOST BEAUITFUL LAKE REGIONS?*
FuelinAround is offline  
Reply With Quote
Old 12-03-2010, 10:47 AM
  #27
Registered
 
Join Date: Jan 2007
Posts: 1,656
Default

Quote:
Originally Posted by kyboy1020 View Post
In the corporate world I have signed and issued many non competes through buyouts. I also have had judged enforce them on 2 occassions. The trick is how broad of an area you ask for. I usually just don't want anyone competing in my market which I usually counted as a 100 mile radius of my hometown city. For a company like fountain that is world wide it is a little harder. If non competes weren't enforceable then many buyouts wouldn't make as much sense. Just my 2 cents from personal experiences though.
Yes the difference is when you're just an "employee" vs. being an owner and selling something for sizeable amount.

It's still a pretty grey area if someone wants to be really shady. Like you said, if you go for a very specific set of rules as opposed to a broad stroke then your chances of success of much greater for being able to enforce it if an entity is changing hands.

For employee level non-competes, good luck -
SDFever is offline  
Reply With Quote
Old 12-03-2010, 10:56 AM
  #28
Racer
Racer
 
Wahoo ATV's Avatar
 
Join Date: Jan 2006
Location: Columbus,MI
My Boats: 38 Fountain Canopy, V24 Bat Boat
Posts: 2,573
Default

I have been in court for 4 years now over mine. They may have a hard time keeping him from competing but they certainly can pursue him for damages once he does compete.
Wahoo ATV is offline  
Reply With Quote
Old 12-03-2010, 10:56 AM
  #29
Registered
VIP Member
 
Join Date: Jan 2004
Location: Boca Raton, FL
My Boats: None
Posts: 3,682
Default

Remember how Mr. Aronow dealt with his non-compete? The birth of the 39' USA cat.
Edward R. Cozzi is offline  
Reply With Quote
Old 12-03-2010, 11:01 AM
  #30
Platinum Member
Platinum Member
 
Bullhead's Avatar
 
Join Date: May 2004
Location: Smithfield, VA
My Boats: Outerlimits Sl44
Posts: 1,227
Default

Quote:
Originally Posted by Edward R. Cozzi View Post
Remember how Mr. Aronow dealt with his non-compete? The birth of the 39' USA cat.
maybe Reggie should start building cats......it appears he has at least nine lives
Bullhead is offline  
Reply With Quote
Reply



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 09:31 PM.


Copyright 2011 OffShoreOnly. All rights reserved.