http://roadracingworld.com/news/article/?article=40591 (http://roadracingworld.com/news/article/?article=40591)
ouch.
That article really puts Spies in a bad light. I've lost some respect for the man.
Don't tell him mom... [evil]
I don't know what his mom's credentials are, but that's a good argument to go with a reputable agent with experience in the business rather than family. It sounds like if he had kept the books clean, they might have found the corporation liable without extending personal liability to Spies.
mary has a very... firey reputation.
that said, she did get him the yosh money she was asking for in 2006. which proved to be totally worth it.
Quote from: Jester on May 28, 2010, 11:51:46 AM
That article really puts Spies in a bad light. I've lost some respect for the man.
this isn't over...
http://forums.13x.com/showthread.php?p=3063500#post3063500 (http://forums.13x.com/showthread.php?p=3063500#post3063500)
the way i see it, if doug couldn't get the motogp deal done, he shouldn't be profiting from it.
Quote from: Cider on May 28, 2010, 12:48:44 PM
I don't know what his mom's credentials are, but that's a good argument to go with a reputable agent with experience in the business rather than family.
the "reputable agent with experience" apparently couldn't close the motogp deal.
Quote from: Cider on May 28, 2010, 12:48:44 PMIt sounds like if he had kept the books clean, they might have found the corporation liable without extending personal liability to Spies.
possibly...
Quote from: derby on May 28, 2010, 01:35:18 PM
the "reputable agent with experience" apparently couldn't close the motogp deal.
I meant that he got bad advice about how to run his business. His corporation didn't shield him from liability, apparently.
Quote from: Cider on May 28, 2010, 01:52:16 PM
I meant that he got bad advice about how to run his business. His corporation didn't shield him from liability, apparently.
Ben's not an employee of Yamaha Corp. He's a free agent, a principal of Speez whatever LLC. It's not Yamaha's place to shield him from liability...they're his
customer, not his
employer.
Quote from: Cider on May 28, 2010, 01:52:16 PM
I meant that he got bad advice about how to run his business. His corporation didn't shield him from liability, apparently.
agreed... i'm sure he (and a bunch of up and coming racers) will learn from the situation...
Quote from: desmoquattro on May 28, 2010, 02:01:01 PM
Ben's not an employee of Yamaha Corp. He's a free agent, a principal of Speez whatever LLC. It's not Yamaha's place to shield him from liability...they're his customer, not his employer.
when he said corporation, he meant ben's LLC...
Quote from: derby on May 28, 2010, 02:02:24 PM
when he said corporation, he meant ben's LLC...
Ah, got it ;D
Ben should fire his Mom not the agent! This has got mommy's fingerprints all over it. I have never read anything warm and IZ_ about her... ever. :P pregnant dogy, controlling stage mom has always been the impression I have gotten.
If it smells like a fish....
Quote from: ducpainter on May 28, 2010, 04:28:37 PM
If it smells like a fish....
You trying to say Ben's mom needs to shut her legs or what?
Dam there goes that bugatti vyron he might have bought [drink]
This is what happens when you let amateurs run your business. It's not hard to keep the liability shield for a corporation. Just draw a salary, don't comingle funds, have a in-name Board of Directors and have a for-show annual meeting with some taking some minutes. It's a teensy hassle for a shit-ton of protection ($1.9m in this case).