MotoRock! Oops, let's reorganize...TBA

[Jim Wilke]

Well, this was quick. Jamie Rose, listed on some docs but not all as CEO of MotoRock! has been kicked aside:

While the concept may be sound, apparently MotoRock creator Jamie Rose’s business savvy was not. As a result, Rose’s role in MotoRock is being, er, redefined. Henceforth, he will be responsible for the creative side of the equation, leaving the nuts and bolts to a businessman by the familiar name of TBA.

“I wouldn’t say it was a horror show,” said OWRS principal Kevin Kalkhoven of the MotoRock concerts in Miami, “but it wasn’t exactly as we had planned....

“It’s a classic start-up situation where you’ve got a highly creative guy who’s not much of a business guy. So we’re happily continuing with MotoRock. We’ve moved (Jamie) aside to be part of the creative group and we’re bringing a business-guy in to run it.”

According to Kalkhoven, the “business-guy” has been selected and will be announced in the near future.

“We have identified (him), it’ll be anounced in the next couple of weeks,” he said. “We’re just going through some paperwork stuff.”

Anybody got D-Prod Joe's number?

Speed

[midtown]

So, is CART on the hook for what I expect were losses on this venture, or is it strictly on Motorock?

[mnkywrch]

A concert promoter who doesn't understand business?

Say it isn't so!

[Jim Wilke]

Originally posted by midtown
So, is CART on the hook for what I expect were losses on this venture, or is it strictly on Motorock?

That's tough to say since Kalkhoven said "So we’re happily continuing with MotoRock. We’ve moved (Jamie) aside to be part of the creative group and we’re bringing a business-guy in to run it.”

The lines between CART, OWRS and MotoRock! are pretty fuzzy at this point. The only statements I've seen had Gentilozzi and then Rose listed as CEO and I was not aware that Kalkhoven was a part of MotoRock! but he is talking "we" so who knows?

[Jim Wilke]

Originally posted by mnkywrch
A concert promoter who doesn't understand business?

Say it isn't so!

What brilliant business mind hired this promoter to begin with? And I thought Rose was a former stock broker with a finance background.

[Truth Detector]

Originally posted by Jim Wilke
What brilliant business mind hired this promoter to begin with? And I thought Rose was a former stock broker with a finance background.

Any idiot can get a Finance degree.

[Sybil D. Sobydianz]

And to think I was reluctant to open this thread...

[dog-ring]

Originally posted by Truth Detector
Any idiot can get a Finance degree.

ICAN? !!!!!!!!!!!!!!


cool.......................

[Truth Detector]

Originally posted by dog-ring
ICAN? !!!!!!!!!!!!!!


cool.......................

Dog, you're not just any idiot.

Wait, did that come out right?

[vegasduo]

Originally posted by Jim Wilke
What brilliant business mind hired this promoter to begin with? And I thought Rose was a former stock broker with a finance background.

It seems that all we keep hearing from certain fans of a certain auto racing series is about how Kalkhoven is such an astute businessman. But it appears he has quite plainly demonstrated he has already become infected with the well known CART management disease with his second business blunder. His first and most obvious blunder is, of course, his attempt to buy CART. Thats a strange disease, as soon as otherwise brilliant business people become associated with CART they turn into bumbling incompetent buffons.

[Jim Wilke]

Any minute now, somebody will be along to tell us this is all part of the plan.

[Indyknut]

I'll bite. It's all part of a well orchestrated plan Jim.

[cleanupcrew]

Originally posted by Truth Detector
Any idiot can get a Finance degree.

Railbird told me today he was going to go get one

[Tara]

brilliant business people

The man's timing was right and he certainly deserves his millions, but unlike companies like Nortel who were too early with Fiber, he hit the fiber market just at the right time. He also rode the very unnaturally high telecom wave of the mid-late 90s to the top and sold his business, just before everything crashed.

A few years after Nortel bought Bay Networks, the value of Nortel was less than the value of the purchase. There stock plunged from $80 to less than a dollar. Lucent/Ericsson and others had a similar fate.

Great business man?

Maybe, maybe not. It also took a lot of luck to make him a lot of money.

[elio]

Great business man?

Maybe, maybe not. It also took a lot of luck to make him a lot of money.

It's not like he inhereted the money