Rickresource Rickenbacker Forum

cassius987 wrote:What does this do to the value of my cabs? Tarnish or improve? Improve I hope...

johnallg wrote:As John posted, it was all for naught.

If it is any consolation, when they bought SLM, Jamie Engen, the recently fired (as of last August) CEO, came and sat in our conference room, explaining how they bought a going concern and would be stupid to do anything to disturb it. That was the first and only corporate meeting I have ever been in where it was specifically required that no recording be made of the meeting.....

That really set the tone, by suggesting that he wanted "plausible deniability" for lies. And indeed, every single word he said that day was eventually directly contradicted by events.

I cannot offer any meaningful assessment as to whether he was deliberately telling lies, or was ignorant of the Sun Capital plan, or whether he actually believed what he said.

In any case, that policy lasted almost a year, before Sun Capital and/or Jamie decided that Service could go..... then production could go, then Engineering could go, and then that most of the rest of SLM could go.......

At some time in the middle, Gary Reilly came in and repeated basically what Jamie had said, but in what was universally assessed by those attending as a fishy-faced and waffling set of meaningless statements. We were not impressed by the man or the message, in case there actually was a message.

Loud has NOT had a good record for speaking truth, or at least for speaking intentions which are supported by later actions. Most of what has been said has later been UN-said, one way or another. It is almost 100% for reversed decisions in employee relations, as far as I know.

I can only assume their business dealings are similar to their dealings with employees. In that case, it is no wonder that their main chinese supplier cut them loose.

jps wrote:

johnallg wrote:As John posted, it was all for naught.

Not necessarily. Here is a quote from a former Ampeg/Loud employee, posted today on another forum:

If it is any consolation, when they bought SLM, Jamie Engen, the recently fired (as of last August) CEO, came and sat in our conference room, explaining how they bought a going concern and would be stupid to do anything to disturb it. That was the first and only corporate meeting I have ever been in where it was specifically required that no recording be made of the meeting.....

That really set the tone, by suggesting that he wanted "plausible deniability" for lies. And indeed, every single word he said that day was eventually directly contradicted by events.

I cannot offer any meaningful assessment as to whether he was deliberately telling lies, or was ignorant of the Sun Capital plan, or whether he actually believed what he said.

In any case, that policy lasted almost a year, before Sun Capital and/or Jamie decided that Service could go..... then production could go, then Engineering could go, and then that most of the rest of SLM could go.......

At some time in the middle, Gary Reilly came in and repeated basically what Jamie had said, but in what was universally assessed by those attending as a fishy-faced and waffling set of meaningless statements. We were not impressed by the man or the message, in case there actually was a message.

Loud has NOT had a good record for speaking truth, or at least for speaking intentions which are supported by later actions. Most of what has been said has later been UN-said, one way or another. It is almost 100% for reversed decisions in employee relations, as far as I know.

I can only assume their business dealings are similar to their dealings with employees. In that case, it is no wonder that their main chinese supplier cut them loose.

jps wrote:Nice amp, Angelo. For the record, however, those are not really reissues as Ampeg never made those in the old days, IIRC. Those amps are just made to look like vintage Ampegs.