Gibson Creditors Want New CEO Before Rescue Deal

Discussion in 'Guitars in General' started by webe123, Mar 1, 2018.

  1. webe123

    webe123 Member

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  2. Nebakanezer

    Nebakanezer Member

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  3. webe123

    webe123 Member

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  4. tonegangster

    tonegangster Silver Supporting Member

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    Paid his way through college playing guitar????? Have you heard him play??? LOL
     
  5. webe123

    webe123 Member

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    I think the articles says that HE claimed this....I do not know how true it is though. I doubt it very seriously!
     
    Da Geezer likes this.
  6. MikeVB

    MikeVB Supporting Member

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    More like people paid him not to play his way through college.
     
  7. Guitarworks

    Guitarworks Member

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    Yeah. The creditors will likely force him and others out.
     
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  8. BluntForceTrauma

    BluntForceTrauma Member

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    I hope they shut Gibson down so ya'll will quit hating on them.
    Any of ya'll can buy Gibson and run it any way you like.
     
    skywade likes this.
  9. Pedal Dan

    Pedal Dan The Island of Misfit Pedals

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    That’s an old story.

    Henry’s not going anywhere.
     
  10. webe123

    webe123 Member

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    I wouldn't be to sure of that! If he runs the company into bankruptcy which he has done a pretty good job of.....Gibsons creditors can demand his removal. And a swift removal at that....time will tell.
     
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  11. Jazzandmore

    Jazzandmore Gold Supporting Member

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    Hmm it says “according to his biography...”. So wouldn’t be hard to find out what the cost of Harvard was back then, and figure out how much he’d have to earn from his various rock bands, to pull this off.

    [According to this, tuition for HBS was about $4k/ year in 1977:
    https://www.alumni.hbs.edu/stories/Pages/story-bulletin.aspx?num=2129

    Starting salaries averaged $22,500 in 1977. Neckties were wider, and the corporate uniform was dark business suits for men and conservative skirts and jackets for women. Saving time for family commitments was a low priority in the race to the corner office, in keeping with employers' traditional expectations. Our HBS tuition was a hefty $4,000 a year, but we were certain that we would be able to pay off the debt since The Gospel According to Harvard Business Schoolpredicted that one in six of us would someday be a corporate chairman, president, or CEO.]

    Adjusted for the years $4k then is equivalent to $17k now. So his rock bands were making some very fat money. Who knew the bar scene was so lucrative around Harvard? o_O
     
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  12. jwguitar

    jwguitar Supporting Member

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    Certainly much more lucrative than that area is now or maybe just maybe he is stretching the story a bit....

     
  13. Ampedusa

    Ampedusa Supporting Member

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    He shreds.



    I'm a bad person, it makes me laugh every time.
     
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  14. Jazzandmore

    Jazzandmore Gold Supporting Member

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    Wait, he paid for college playing guitar and 40 years later that’s his skill set? :omg
     
  15. kidmandude

    kidmandude Supporting Member

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    I could be Gibson's new CEO! And would turn that company right around!

    I'm not wearing a stupid tie though!
     
  16. Masterglazier

    Masterglazier Supporting Member

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    Sounds like a darn kazzoo don't it?
     
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  17. MrX

    MrX Member

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    I'm looking forward to see how this all plays out.
     
  18. toomanyamps

    toomanyamps Member

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    It was very common for bar musicians in the 70s and 80s to make a lot more money than they make now.
    While Harvard tuition from back then to now has gone up 10x plus, musicians per gig pay has for the most part gone down, in real, not inflation adjusted dollars.
     
    jens5 likes this.
  19. jtm622

    jtm622 Member

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    Man, that sounds just like "Steve Hunter and Dick Wagner..."



    Except without Hunter...



    and



    Without Wagner...
     
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  20. bobeau

    bobeau Member

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    Apparently he found playing investors to be far more lucrative.
     
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