One Of The Worst Personnel Decisions

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20th May 2007, 10:20
Phoenixent

Quote:

Originally Posted by Hoss Ghoul

That's a fair point, however, the idea behind Earnhardt's moves was to purchase the compnay, thus rendering this argument irrelevant.

On the other hand, as a business person, your idea of "benching" your number one assett is assinine at best. Of course if you think firing your best employee during peak season with no backup and a sure customer backlash is good for business...

Benching and Firing are two different things. Benching would be a stand down for a period of time. As with all companies the employees even top ones have to face some type of punishment if they do or say something that is detrimental to the company.

I did not hear that Jr. was willing to buy with cash 51% of DEI. I heard that he wanted 51% given to him as part of the contract. Big difference between the two.
20th May 2007, 18:09
Jonesi

Quote:

Originally Posted by Phoenixent

I did not hear that Jr. was willing to buy with cash 51% of DEI. I heard that he wanted 51% given to him as part of the contract. Big difference between the two.

Jr was willing to buy 51%, the question is what is the value of DEI. Teresa thinks the company is worth $100mil (the same as Roush's five teams) I saw one press comment that Forbes or WSJ valued DEI at $65mil.
21st May 2007, 02:02
Ted S

Dale, Jr is popular and a cash cow, but this negotiating process is not over. His options are limited especially if he wants to stay with Chevy. Why should Teresa give hime the team? He's not exactly the best driver; MAYBE top 10.
23rd May 2007, 07:57
jslone

Bottom line is this,lets all see how jr does on the new team,whether its a contender or a second tier team.Also lets see how he does with second rate equipment,at DEI he was the top dog, as it was,so if he does go to a top team,were well he stand on cars and such.I wont even go with the rest of the new team,from the pit guys,to the garage guys,we shall see.
23rd May 2007, 21:24
Old3Fan

[quote="Phoenixent"]If Jr. was injured or worse fans would still buy T-Shirts, Caps and other red stuff. They still buy his fathers stuff and he has been gone for 6+ years. [quote]

They sure would but not the red ones with an 8 on them. They will be Dale Jr's new colors and number and diecast etc, not the old. His fans are loyal to him, not DEI.
24th May 2007, 03:58
Jag_Warrior

Quote:

Originally Posted by Jonesi

Jr was willing to buy 51%, the question is what is the value of DEI. Teresa thinks the company is worth $100mil (the same as Roush's five teams) I saw one press comment that Forbes or WSJ valued DEI at $65mil.

http://www.motorsportforum.com/forum...3&postcount=19

If the WSJ came up with $65 million, that's close enough to $57 million for guberment work.

Even with RCR engines, I don't see DEI attracting a championship caliber (or even a winning) driver, once this PR disaster is finally over. Without taking this in another direction, Teresa might have learned something from a fellow named Tony George. Sometimes 100% of a shrinking pie isn't as good as sharing a great big ol' peach cobbler. And being left with a little slice of pie with ants crawling on it... what good is that?

No doubt, Dale, Jr. and his sister would have given Teresa loads of grief, with him/them controlling 51%. But since she couldn't drive the race car herself, maybe she should have kept her yap shut several months back. Other than a building, the most valuable asset she controls now is probably the licensing rights to Dale Earnhardt's name and likeness.

It took Richard Childress to support Kerry's son, as he begins his racing career. I've seen him race a couple of times and the little fellow is pretty good. But I doubt he'll end up driving for DEI, unless there is a buyout or merger at some point. What is it with this family? Where did the bad blood come from? Did Dale dump the kids' mother to hook up with Teresa?

But I just don't see how her strategy is going to play out to her benefit. I'm not even sure that she has a strategy.
24th May 2007, 04:29
Sparky1329

One report that I heard or read was that Dale Jr's sponsorship bucks and presence at DEI represented 65% of their value. Letting that kind of worth walk away from your company doesn't sound too smart to me.
25th May 2007, 12:31
nigelred5

Quote:

Originally Posted by Phoenixent

It's a good thing I don't run the team I would stand him down for the rest of the season. He would have to be at the race but not behind the wheel for pulling this stunt.

Pulling what stunt? Nascar drivers with far less clout and fan appeal announce next year's contracts or their intention to leave early all the time, hell, sometimes more than an entire season beforehand. The only stunt JR pulled was calling her bluff and taking the name out of the organization. Daddy didn't start DEI for himself, IIRC he started it for JR to race in cup. Pull Jr's endorsements and his name from DEI, and it's another mid pack organization looking for sponsors and a partner to keep up. Do you really believe Budweiser is gonna just say, ok, we'll stay, It's not Jr we want, it's DEI. I'm sure JR and Budweiser discussed their relationship long before he made the decision.
25th May 2007, 12:45
nigelred5

Quote:

Originally Posted by Phoenixent

I agree with you Stan on this one. If Jr wants to make his own way fine. But it's a tough row to hoe.

Teresa will come out just fine on this as she was the business mind behind Dale Sr.

Jr. on the other hand will have to step up to the plate. He would have any excuss for poor performance because DEI is not in the picture any more.

It's a good thing I don't run the team I would stand him down for the rest of the season. He would have to be at the race but not behind the wheel for pulling this stunt.

Hell son, he called her bluff and laughed at her cards. DEI with out a DALE Earnhardt in the mix is just another team.
25th May 2007, 12:51
nigelred5

Quote:

Originally Posted by Old3Fan

Quote:

Originally Posted by Phoenixent

If Jr. was injured or worse fans would still buy T-Shirts, Caps and other red stuff. They still buy his fathers stuff and he has been gone for 6+ years.

Quote:

They sure would but not the red ones with an 8 on them. They will be Dale Jr's new colors and number and diecast etc, not the old. His fans are loyal to him, not DEI.

True that. She only owns the 8. See how many 8 decals sell next year when Jr is driving somewhere else.

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