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Originally Posted by planner
Unbelievable! Talk about shifting or trying to shift the blame. Derek Elliot is ultimately responsible for the decisions made. It was all about greed! And I am sure it still is! He agreed to the 20% commissions up front. He always knew about them. Why is he now whining? And he claims Catledge made millions in commissions - well do the math - how many millions then did Elliott and company receive? How much of that was used as intended and how much was wasted?
I think you can look and see that mismanagement and greed caused most of their problems.
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Your so very correct " mismanagement and greed" caused the problems. My questions is, Now What??? It's either work with the Elliott's on solutions or go to battle with the Elliott's. As far as Catledge is concerned, It sounds like he talked the Elliott's into a situation in which they became too dependant on Impact sales, and when things slowed down, that was the start of big problems. I'm hopeful that things will work out if all involved will be honest and work together, but if not we will all loose. Any ideas you or others have on SOLUTIONS, please present them. Thanks..