Is Reggie really out?
 

Word on the street is that Reggie was escorted out of the factory this week. Anybody have any details or know if this is true?

Unconfirmed:

1st he is refusing to sign a non compete agreement as per his employmet agreement and has been told sign it or dont let the door hit you in the a$$ on the way out.

2nd Liberty found out he moved molds and plugs out of the plant during the bankrupcy and got caught and was forced to return them.

i get the feeling this is gonna get interesting:food-smiley-007:

Its been kind of quite around here....looking forward to some reading and even a few more of those goofy cartoons.

I spoke with Wyatt Fountain yesterday and he said this rumor is not true. I will call Reggie Fountain today.

Will Reggie start another company and become the new Don Aronow? Lets get winter started right. Apache part Deux (or 3, 4, 5, 6?)

Winter is here.....:):)

LMAO.

Is ANYONE SURPRISED ??

:eek::party-smiley-004:

Interesting comments!:drink:

That same rumor made it up here to Ohio.

Brunswick threw 400 Baja employees on the street and gave the name, and tooling to Reggie....so I know how it feels. I think he said he had some other business to fall back on in one interview?

now where is that popcorn

I for one will be interested to see what an unbiased, intelligent man turns up for an answer here. These deals lead to way too much speculation by way too many who know not of where they speak.


As long as Fountain continues to build a boat that has the quality, handling and performance that we have come to know and expect over the years I will continue to be a fan and owner. Even if, for whatever reason, Reggie is sitting at home on the porch.

LOL !

My god, what would happen to the gold boat jewelry market.

I dont necessarily care for Mr Fountain. I respect his driving abilities, records, accomplishments and the business he built, but the Cat Killer stuff and sideshow stunts really were pathetic. How does a company expect a guy who has been in the boat business his whole life to sign a no compete?

I dont get any company that thinks they have a right to take your living away. If they cant compete with him then its their problem not his. I hope he walks and starts another boat business just to stick it to them.

Go Reggie!

To me Fountain is nothing without Reggie!! Just like Cigarette and Neil.

I am sure you will hear more in short order!!!
 

I am sure you will all hear more in short order, stay tuned.

Team Shogren

www.teamshogren.com

Are you the guy who puts turbines in 28' cats.

Only a guess but the No Compete was ONLY(if) because he had some of the molds and was ready to start building.

You know, the QUICK START way. :party-smiley-004:

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.

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.

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.

+ 1!

That would be interesting..

Here say:bsflag:

Like him or not he has doon a lot for this sport, Go Reggie, I'm pulling for ya.

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.

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 -

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.

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

I hate to tell you all ,,a non comp agreement is worth 0..NADA....it will not hold up no matter what it says !!!!!!!

FOUNTAIN By Reggie

+1

reminds me of the weld family and weld wheels in the automotive industry

so what did Matt find out?

Ladies & Gentlemen, tiny Elvis has been escorted from the building.

Dealing with things the way Mr Aronow dealt with things, has been proven to not be a very "healthy" way of doing business in the long term :violent040:

I knew your comment would be good!

:ban: Banned from the property.

Those people could throw a hell of a party, hated to see them go.