Chula Vista

I'm going to take people's advice and avoid further political discussions for a while. I apologize for being so angry and dickish towards some members.

For anyone interested, here's the full story of what happened to my company. I know, TOO LONG - but trust me it's an absolute wonderful tale of corporate greed. You'll enjoy it.

Over the course of 17 years we designed and developed 18 commercial loudspeakers for MegaCorp (MC). These were all manufactured by China Factory (CF) after we spents months getting them all set up back in 1998.

Commercial loudspeakers have transformers in them and are run by high power amps so that large numbers of them can be hooked up in series. Similar to transformers on telephone and electrical poles. They are installed in malls, airports, convention halls, sports arenas, etc. They also have to be designed to be 100% bullet proof since they double as the fire alarm system if needed. Lots of UL safety certifications required up front.

Late 2014 MC comes to us demanding a 5% price reduction. Then CF notifies us they are raising their prices by 6%. On September 4th, 2017 CF notifies us that are not shipping us any further MC products. Within a week MC says that since we can no longer support them they are going to start buying direct form CF.

Voila! By throwing us to the curb (and eliminating our margin) MC get's their reductions and CF makes more profits. Our business gets gutted by over 85% and eventually 32 of 35 people lose their jobs.

During the course of the lawsuit we found out the following:

- The VP of purchasing for MC got a huge bonus based on the price reductions.
- The owner of the CF and the VP of MC had begun putting the plan in place as early as April 2014.
- In those 17 years we'd placed approx. $50 million dollars in purchase orders with the CF.
- MC grossed over a quarter of a billion dollars in sales of those products.
- The commercial line we designed and developed has one of their highest profit margins and is still considered the industry standards to this day.
- MC was recently purchased by a HUGE South Korean company for a billion dollars more than what they did in sales in 2016.

And because of a miniscule technicality in our contract (that it took CF's lawyers more than two years to discover) they both walk away basically scott free. The 3 of us left from the original 35 employees have been running on fumes ever since.

Note that prior to our contract getting tossed both MC and CF were at the table ready to settle with us for around $16 million. Linda and I would have ended up with about $800 thousand after taxes.

__________________

“The fact that we live at the bottom of a deep gravity well,
on the surface of a gas covered planet going around a nuclear fireball 90 million miles away
and think this to be normal is obviously some indication of how skewed our perspective tends to be.”

DwnWthVwls

For what it's worth. I don't give a **** how you talked to me, water under the bridge.

__________________
I don't got a god complex, you got a simple god...

Frownland

This is only going to be good for you mate. Now you and Ant are gonna start bonding over your mutual Toto love (presumably).

That's a doozy of a situation mate. FWIW last night I was just playing devil's advocate, I didn't mean to poke the bear or imply anything.

__________________

Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth.

Trollheart

I don't think anyone does. Some people actually probably enjoyed it. Point is, I think everyone knew/knows of your terrible situation and sympathises with you, and if this is the only place you can let off steam, then I say go for it, you crabby old classic rocker sucking Jimmy Page's dick, you! Who let Batty into my account?

Seriously, as DWV says, I wouldn't worry about it. I'm sure nobody holds it against you.

Nonetheless, kudos for the effort, certainly.

__________________
Trollheart: Signature-free since April 2018

Isbjørn

I hold no grudges, who wouldn't be frustrated in a situation like that? It sucks. Vent as much as you need.

__________________

Chula Vista

Sigged.

__________________

“The fact that we live at the bottom of a deep gravity well,
on the surface of a gas covered planet going around a nuclear fireball 90 million miles away
and think this to be normal is obviously some indication of how skewed our perspective tends to be.”

Trollheart

I'm truly honoured.

__________________
Trollheart: Signature-free since April 2018

DwnWthVwls

I retract my previous statement. You're already back in the Trump thread.

__________________
I don't got a god complex, you got a simple god...

OccultHawk

Chula

Woulda coulda shoulda

Almost everyone in America gets ****ed out of the life they deserve.

You're not especially ****ed. It's the same all over.

Chula Vista

**** ***

The fun part here is trying to guess if the second word is YOU or OFF.

__________________

“The fact that we live at the bottom of a deep gravity well,
on the surface of a gas covered planet going around a nuclear fireball 90 million miles away
and think this to be normal is obviously some indication of how skewed our perspective tends to be.”