Disturber 4,415 Posted May 1, 2018 Share Posted May 1, 2018 https://www.bloomberg.com/news/articles/2018-05-01/gibson-files-for-bankruptcy-with-deal-to-renew-guitar-business Link to post Share on other sites
shankyboy 548 Posted May 1, 2018 Share Posted May 1, 2018 I would hope that somewhere in their new plan, they intend replace the CEO. Link to post Share on other sites
murkat 5,113 Posted May 1, 2018 Share Posted May 1, 2018 investors will not accept henry's terms. Ball is is in there court. no pun intended. Link to post Share on other sites
Studio Custom 3,328 Posted May 1, 2018 Share Posted May 1, 2018 2 minutes ago, murkat said: investors will not accept henry's terms. Ball is is in there court. no pun intended. In other words, the days of Henry lining his pockets are over. Link to post Share on other sites
scottcald 3,126 Posted May 1, 2018 Share Posted May 1, 2018 Why would they want him to transition anyone in when he made this mess? Link to post Share on other sites
Funky Chicken 442 Posted May 1, 2018 Share Posted May 1, 2018 I sure hope this doesn't hurt my music lifestyle. Link to post Share on other sites
polara 4,404 Posted May 1, 2018 Share Posted May 1, 2018 I'm guessing a smaller, more focused company will emerge, but I wouldn't hold out much hope in the long run. Technology + changing tastes + aging core market + durability and availability of old guitars = someone will buy the name and some assets, and attach it to some Chibsons and a small Custom Shop to try to squeeze some cash from the purchase. They'll probably go the way of Schwinn, who also ignored a changing marketplace and kept the factories churning out nostalgia merch of wildly varying quality. Now you see the Schwinn name attached to shitty skates as target. Link to post Share on other sites
SSII x 2 409 Posted May 1, 2018 Share Posted May 1, 2018 1 hour ago, Studio Custom said: In other words, the days of Henry lining his pockets are over. Yah, time for Henry to explore a new 'lifestyle...' Link to post Share on other sites
MCChris 10,309 Posted May 1, 2018 Share Posted May 1, 2018 1 hour ago, scottcald said: Why would they want him to transition anyone in when he made this mess? https://www.thegearpage.net/board/index.php?posts/26345960/ Link to post Share on other sites
tommy p 2,227 Posted May 1, 2018 Share Posted May 1, 2018 Damn. Almost nothing they've done in probably 10 years or more has appealed to me, and I despise Henry's dumb ass, but I'm still sad about this. I have 7 older Gibsons and like them all. I sincerely hope they can find a way out of this mess. Link to post Share on other sites
Sugartune 1,701 Posted May 1, 2018 Share Posted May 1, 2018 Wow! It's real this time. Link to post Share on other sites
DaveL 2,223 Posted May 1, 2018 Share Posted May 1, 2018 GIBSON STRONG!!! #WEAREGIBSON!! Link to post Share on other sites
Sugartune 1,701 Posted May 1, 2018 Share Posted May 1, 2018 "The Gibson name is synonymous with quality and today’s actions will allow future generations to experience the unrivaled sound, design and craftsmanship that our employees put into each Gibson product," Juszkiewicz said in a statement. Link to post Share on other sites
gtrdaddy 9,010 Posted May 1, 2018 Share Posted May 1, 2018 https://www.thegearpage.net/board/index.php?threads/gibson-files-for-chapter-11.1937218/page-2#post-26345983 Link to post Share on other sites
gtrdaddy 9,010 Posted May 1, 2018 Share Posted May 1, 2018 9 minutes ago, MCChris said: I'll give him this, he knows how to promote himself. What his business background is, who knows. Maybe he would be good at it, maybe he won't. Perhaps he'll be smart and surround himself with people to consult with him who know how to get things right over there. Link to post Share on other sites
tommy p 2,227 Posted May 1, 2018 Share Posted May 1, 2018 22 minutes ago, MCChris said: If you thought they were overpriced BEFORE... Link to post Share on other sites
MCChris 10,309 Posted May 1, 2018 Share Posted May 1, 2018 23 minutes ago, gtrdaddy said: I'll give him this, he knows how to promote himself. Yeah, this is almost a Gene Simmons-esque move. Link to post Share on other sites
RobB 5,952 Posted May 1, 2018 Share Posted May 1, 2018 “...people stand in line, to see the boy king.” Link to post Share on other sites
Studio Custom 3,328 Posted May 1, 2018 Share Posted May 1, 2018 I would venture to say Bosamanna knows nothing about running a manufacturing company. His role would be simply to be the new face of the company, he'd have to bring in a strong team to do the actual work while he is out touring, etc. Link to post Share on other sites
scottcald 3,126 Posted May 1, 2018 Share Posted May 1, 2018 Joe doensn't have the kind of money these investment bankers and such have. Link to post Share on other sites
MCChris 10,309 Posted May 1, 2018 Share Posted May 1, 2018 18 minutes ago, scottcald said: Joe doensn't have the kind of money these investment bankers and such have. Indeed. This is yet another publicity play. Link to post Share on other sites
kizanski 15,181 Posted May 1, 2018 Share Posted May 1, 2018 1 hour ago, MCChris said: "Legendary"? Link to post Share on other sites
Disturber 4,415 Posted May 1, 2018 Author Share Posted May 1, 2018 16 minutes ago, kizanski said: "Legendary"? That would make him legendary for sure. Haha. I think it would be a cool thing. At least Joe understand guitars. Link to post Share on other sites
kizanski 15,181 Posted May 1, 2018 Share Posted May 1, 2018 4 minutes ago, Disturber said: That would make him legendary for sure. Haha. I think it would be a cool thing. At least Joe understand guitars. Right, but let's see him do it first, before we're carelessly throwing around adjectives like "legendary," when describing a musician that most musicians never even heard of. Really, outside of guitar nerds and the girlfriends they drag to his gigs, how is he legendary? Link to post Share on other sites
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