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  • tex7779 tex7779 Oct 14, 2001 10:07 PM Flag

    Musing while perusing....

    Just a few questions regarding your last post.

    What employment contracts were there, that were not honored. I thought Georgia is a hire / fire / resign at will state. Were people let go for performance issues. Certainly, the last guidance showed that many from SJ on down did not perform as expected.

    Please provide an explanation regarding ... the uppers who have porked up ... or words to that effect.



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    • Once upon a time an executive-at-large was in great demand by Clarus. SJ himself wanted the then president to "do what it takes" to get this man on board. What it took was a six-month golden parachute severance package which was agreed upon and signed by all. When this executive left, not for performance reasons, it was SJ himself who contested the employment contract, wishing to whittle it down retroactively to Clarus's standard three-month package.

      Attorneys were consulted, alas retained. The law was clear: In a court of justice, the employment contract would hold. But Clarus was willing to spend what it took to fight it, and the departing executive was not. Three months' severance was eventually settled upon.

      The term used to describe a failure to honor one's commitments is "dishonorable." Perfectfilly would be perfectly pleased if future prospective hires at Clarus were to have their attorneys review carefully the severance terms of their contracts lest today's even tighter coffers inspire more rescinding of offers.

      Some of the top brass at Clarus are professed Christians, including major Board members. I am sorry to report that Perfectfilly now believes some of their religious professions translate into "Hold onto your wallets!" as they say in Texas. Future hires would be prudent to heed that exhoration.

      You cheeky little Tex-o-tease. But not sneaky enough: You will not tease out of me specifics regarding the names of weight gainers in the top lines. It is, afterall, the bottom line of the corporation and not the bottom lines of the executive team that should be our rightful concern. Perfectfilly stands ashamed to have sunk so low.

      And Perfectfilly must sign off now again for a week or so, stating on the way out how much she (aha!) has enjoyed chatting with this message group. She must also reiterate her wishes for prosperity at Clarus, and her inability to predict future success or failure. She may know people well. But she is no financial wizard by any means. Buy, hold, or sell based upon your own more panoramic analyses.

    • Tex...Leave Perfecfilly alone! He or she definately has some insight as to the the goings on within this company and its pathetic management team. Left to their own devices (and it appears they are)...this company is done. If you feel inclined to buy this stock...then do so. Your only hope for a profit is for a buyout.

      • 1 Reply to cal714633
      • indulgence_personified indulgence_personified Oct 14, 2001 11:58 PM Flag

        With all due respect where do you get the impression Tex is "bothering" anyone by asking for further information? Seems like a legit request to me...and it doesn't look to me like he's holding a gun to anyone's head.

        Further, have you factored into the equation that Tex may know a few things himself?

        So far all we have from you, an anonymous internet poster, is "this company is done"...."your only hope for a profit is for a buyout". Not a lot of meat on that bone....unless and until you wish to state what gives you such insight.