Nat Turner new CEO at CLCT

[ASF123]

Originally Posted by RL

I'm sure Joe got a nice golden parachute when he was given his walking papers.

He's been slabbed as a 10 and will be auctioned by PWCC next month. Should be set for life.

Strangely though, he was listed at 6'1", but he only looks about 5'10" in the slab...

[taul166]

He has no money worries, as you know......in addition to probably some form of very lucrative exit compensation...just look at how many shares of stock he has in CLCT.

After the dust settles, he will likely re-surface in a high level job at some other company within the hobby.

He was likely forced out.....happens everywhere in both the private and public sectors. This was either in the cards from the get go with the new ownership. He maybe was not on board with some of the major changes such as robotics. Or, he felt slighted when others did not involve him in some of the decisions being made. Who knows? Could be a combination of the above and other contributing factors, too. He also is probably suffering some burnout which contributed to him leaving.

You need to wonder whether others, who were hired by Joe or were very loyal, may be next and part of a house cleaning.

[bobbyw8469]

Originally Posted by taul166

He has no money worries, as you know......in addition to probably some form of very lucrative exit compensation...just look at how many shares of stock he has in CLCT.

After the dust settles, he will likely re-surface in a high level job at some other company within the hobby.

He was likely forced out.....happens everywhere in both the private and public sectors. This was either in the cards from the get go with the new ownership. He maybe was not on board with some of the major changes such as robotics. Or, he felt slighted when others did not involve him in some of the decisions being made. Who knows? Could be a combination of the above and other contributing factors, too. He also is probably suffering some burnout which contributed to him leaving.

You need to wonder whether others, who were hired by Joe or were very loyal, may be next and part of a house cleaning.

Well...seeing as how the company is private now, if you never tendered your stock when they were buying it, it is worthless now.

[Peter_Spaeth]

Originally Posted by bobbyw8469

Well...seeing as how the company is private now, if you never tendered your stock when they were buying it, it is worthless now.

He didn't keep his stock he got cashed out in the buyout with everyone else.

[sportscardpete]

Originally Posted by Peter_Spaeth

He didn't keep his stock he got cashed out in the buyout with everyone else.

Unless they kept him around with an earnout

[Eric72]

Don’t know how to feel about this yet.

The devil you know…

[samosa4u]

Joe Orlando was the face of the brand for a long time. It's hard to picture a PSA without him. He received a lot of criticism during the Slabgate scandal, and people had the right to be upset, however, the way he behaved was the way any CEO would have behaved. He had to protect the brand, and he sure did a damn good job. How many people are talking about the scandal now?

Nat has many qualities most men only dream of having. I'm pretty sure he is going to do a fantastic job. He is getting praised a lot for responding quickly to others, but he just started, guys! Joe had to do this for twenty years! For twenty years he got angry phone calls, threatening emails, confronted by muscular American dudes who were angry because their buddies got good grades and they didn't. That's some pretty rough shit.