- Jul 2, 2010
- 30
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A lot of different takes on this... I read the entire piece and at its core is a contractual dispute that's gone way past where it should have been settled and that's why it got messy for all involved.
None of this would've happened if Slipstream hadn't cancelled Lowe's contract and withheld his final month's salary and bonuses. The fact that these payments were not made is not in dispute. The only reason Slipstream have cited in justifying their action is breach of contract on Lowe's part by using non-sponsor equipment at a training camp for Lowe's 2011 team. That's it.
Taken in isolation, it seems petty for Slipstream to cancel Lowe's contract given that it's not a unique situation to see riders joining training camps for their soon-to-be-new teams in their current employers kit (is there a precedent for such a dispute?).
Of course, nothing is ever black and white. Take a divorce - it's not simply a matter of summing the assets, apportioning a percentage to each party, shaking hands and walking away. There's history, injustices (perceived and real) and more often than not some regrettable behaviour that needs satisfying. This clouds judgement, distorts recollection, weights opinion and brings emotion to the table which are all toxic to cold, subjective decision.
I see a fair bit of divorce in this. It seems from both accounts an unhappy marriage that didn't live up to expectations. Maybe Lowe felt neglected, perhaps even abused in the relationship. Maybe JV felt disappointed, unfulfilled and unrewarded on his side. Even when a relationship is all but finished, seeing a picture in the social pages of your soon-to-be-ex out on the town with a new squeeze can make people act irrationally.
It's a momentary flash. Decision time. Pay him out and be done with it? Cut him off and get some satisfaction? It's the kind of thing you shouldn't decide the second after spitting coffee all over the newspaper.
This is where you pay someone else to think rationally for you and give you some good advice. This is where Slipstream's lawyer should have said "just pay the guy and move on, it's not worth it". Lowe just wanted to be paid what he was owed. It wasn't a shake down, he didn't even demand interest on late payment that he was entitled to. He was ready to move on.
Slipstream chose to play hardball on this, but didn't count on Lowe sticking to his guns and using whatever leverage he had to get paid what he was owed. This was the second opportunity for someone with any sort of sense at Slipstream to say "just pay him and get him to sign a confidentiality agreement". But no. It was Slipstream who escalated the situation by going public and making it sound like Lowe and Hardie were blackmailing them for half a mill when that figure was only mentioned as possible damages from litigation Lowe was willing to initiate, in part as a result of Slipstream's press release that publicly linked Lowe to Del Moral.
How is this going to end well for Slipstream? I just can't see it. What a mess.
The complete lack of business sense displayed by Slipstream and their legal representatives would be my greatest concern if I was invested in the organisation.
None of this would've happened if Slipstream hadn't cancelled Lowe's contract and withheld his final month's salary and bonuses. The fact that these payments were not made is not in dispute. The only reason Slipstream have cited in justifying their action is breach of contract on Lowe's part by using non-sponsor equipment at a training camp for Lowe's 2011 team. That's it.
Taken in isolation, it seems petty for Slipstream to cancel Lowe's contract given that it's not a unique situation to see riders joining training camps for their soon-to-be-new teams in their current employers kit (is there a precedent for such a dispute?).
Of course, nothing is ever black and white. Take a divorce - it's not simply a matter of summing the assets, apportioning a percentage to each party, shaking hands and walking away. There's history, injustices (perceived and real) and more often than not some regrettable behaviour that needs satisfying. This clouds judgement, distorts recollection, weights opinion and brings emotion to the table which are all toxic to cold, subjective decision.
I see a fair bit of divorce in this. It seems from both accounts an unhappy marriage that didn't live up to expectations. Maybe Lowe felt neglected, perhaps even abused in the relationship. Maybe JV felt disappointed, unfulfilled and unrewarded on his side. Even when a relationship is all but finished, seeing a picture in the social pages of your soon-to-be-ex out on the town with a new squeeze can make people act irrationally.
It's a momentary flash. Decision time. Pay him out and be done with it? Cut him off and get some satisfaction? It's the kind of thing you shouldn't decide the second after spitting coffee all over the newspaper.
This is where you pay someone else to think rationally for you and give you some good advice. This is where Slipstream's lawyer should have said "just pay the guy and move on, it's not worth it". Lowe just wanted to be paid what he was owed. It wasn't a shake down, he didn't even demand interest on late payment that he was entitled to. He was ready to move on.
Slipstream chose to play hardball on this, but didn't count on Lowe sticking to his guns and using whatever leverage he had to get paid what he was owed. This was the second opportunity for someone with any sort of sense at Slipstream to say "just pay him and get him to sign a confidentiality agreement". But no. It was Slipstream who escalated the situation by going public and making it sound like Lowe and Hardie were blackmailing them for half a mill when that figure was only mentioned as possible damages from litigation Lowe was willing to initiate, in part as a result of Slipstream's press release that publicly linked Lowe to Del Moral.
How is this going to end well for Slipstream? I just can't see it. What a mess.
The complete lack of business sense displayed by Slipstream and their legal representatives would be my greatest concern if I was invested in the organisation.
