Sure there are downsides to unions (some more than others); but my vacation, pension, retirement, health, etc accounts are all in my name and cannot be touched or withheld by anyone, and are not dependent on the further health and good management of any employer or even the union (with the exception of my pension account, which is only part of my retirement and one which I am not going to rely on having in 30 years). The owners and investors involved are strong supporters of the Second Amendment and are avid hunters and shooters. Two years later, three Freedom Group executives gave a million dollars each to the NRA. Your above incontinence misses the main point of this post: Private contracts between two parties were treated as toilet paper by one party. Not only is it a complete and total smackdown against Remington, but it was so entertaining that I found myself chuckling at times. I would have been more comfortable with the people. Thats possible, but the kinds of connections you needed to persuade the Feds to bail out your bad auto-industry bet for $30 billion were more readily available to graduates of Princeton than UC-Irvine. Centerfire rifle suppressors include the M4-2000 (used by numerous military units including the Navy SEALs), 762-SDN-6, SR series, and Cyclone (for .30 caliber precision rifles). That same year, Remingtons annual sales fell almost 35 percent from its post-Newtown peak, even as Remingtons public competitors outperformed. Feinberg shunned the press; Trump sought publicity wherever it was to be found. Join Facebook to connect with Kevin Brittingham and others you may know. Engineers should engineer, lawyers should lawyer, managers should manage and worker-bees should worker-bee. When the five-year agreement to keep the original Bushmaster factory open expired in 2011, the plant was shut down almost immediately. But the social fallout had cost it dearly, affecting its ongoing access to capital in a way it hadnt foreseen. Model 321. Judges Ruling Reveals the Truth About Kevin Brittingham and Freedom Group, Mayors Against Illegal Guns Deletes Member List from Website, http://thetruthaboutguns.com/author/foghorn/, Were Sorry to Inform the Gun Control Industry That Americans Bought Another 1.3 Million Firearms in February, State, Federal Lawmakers Trying to Put the Brakes On Credit Card Companies Tracking Firearm Purchases, Brownells Giving Away $12,000 in Guns and Gear to Celebrate Their New Site Redesign, http://www.youtube.com/watch?v=7QDv4sYwjO0, http://finance.townhall.com/columnists/danieljmitchell/2014/01/17/more-amusing-antilibertarian-humor-n1780470/page/full. In the end, none of them were happy they sold., Reichert remained an outspoken advocate for the broadest possible interpretation of the Second Amendment. They dont know what theyre talking about, and the only thing theyre interested in is making money for themselves. They didnt care about any of that.. You have to file paperwork when they change hands, get moved, or change owners. People really need to understand that if you dont get paid up front, free and clear, without strings attached, then you are getting ripped off. Surveys estimated that somewhere between 20 and 30 percent of Americans owned guns, but usually just one or two. My what a tangled web we weave. Remington, etc. His marketing prowess mated with an uncanny sense of innovation alone would get him going in the right direction. It runs through Iowa following the course set by Huckabee, Santorum, and Cruz. They werent in it for the right reasons. When I suggested to him that Cerberus just wanted profits, he responded with indignation. As in, why should there be any problem whatsoever with a company using a personal possession to facilitate R&D? Ten years later, he was running his own firm. Indeed, it seems the more powerful the system, the more coverage and leeway for jerks. . The owner was having some cash flow issues, so he sold controlling interest to larger company. While some enthusiasts collected guns, Feinberg collected gun companies. He then discarded this gun and prepared for a tactical assault, arming himself with two pistols, a shotgun, and her Bushmaster assault rifle, along with ten 30-round magazines. When youre transferring a fairly large amount of machine guns from three seperate FFLs dependent on set dates of the sale, some of which are private owned and on site at times and not at other times, every time it changes possession every move that needs to be recorded, but theres photoshoots, testing, etc often. And a linguist named Emily M. Bender is very worried what will happen when we forget this. Soon after the sale, Bushmaster was folded into Freedom Group, the holding company Cerberus had chartered to conquer the gun business. Using a technique employed by Special Forces operators, he then taped these magazines together into bundles of three, allowing for immediate reload. Just out of curiosity, what experience do you have with selling highly regulated products where every little thing has to be done by the books? They feel free to deride various systems in favor of the ideological flavor of the day, even as they enjoy the benefits of a society that works within a set of rules for the mutual good. Cerberus issued a statement, promising it would move to sell Freedom Group immediately. Prosecutors would grab them in possession of non stamped weapons and then build the rest of their caseor that was the theory anyway. In June of this year, the companys latest CEO, Jim Marcotuli, stated the obvious: Were not for sale.. Feinberg was good at that, Reichert said. Do I support AAC or not give my $ to Remington. The tax stamp was equivalent to about $2,000 in todays money, easily pricing the average citizen out of such purchases. Jason wanted AAC to be treated like another plant, like Remington or Marlin or Bushmaster, with Remington HQ as the head of operations. View the profiles of people named Kevin Brittingham. I cant rattle off specific cases and dates without some research. During this time, as court documents showed, Kevin had succeeded in pissing off Freedom Group to the extent that they were actively looking for a reason to fire him. Yeah, sure. Theyre great for urban encroachment, said the companys founder, Kevin Brittingham. Jack Brittingham Born: June 14, 1958 (age 64 years), United States Jack Brittingham Instagram net worth How much money is Jack Brittingham making on Instagram? So did a former Bushmaster employee I spoke with, whose complaints about Cerberuss conduct sounded, at times, more like complaints about capitalism itself. Wow, AACs operations sound like a Cluster. Youre really comparing ATF compliance (which has been a boon to many FFLs) to selling computers? . Because of the false pretenses, even if Kevin had signed the document it would have been void and the original agreement would have remained in place. Sounds like the best course of action for him would have been to hire a couple of adults to run the business office and leave him free to do his design work. Scummy business practices that too many companies engage in these days, and why I cant side with the bullshit free marketeers who want places like that to have no laws or regulations controlling their bullshit. Also, you forgot the talking point about how the US will become Somalia if income tax rates are reduced more than 2%. For now, that waste is buried in Steve Feinbergs yard. Disabling a security camera to remove disputed items from your place of employment is a shady act. Can you name a bullshit free marketer who opposes the sanctity of private contracts?. As of 2020, Kary Brittingham's net worth is close to $1.5 million. I still want a pre-Remington marlin 336, though. He was replaced by another Cerberus insider, George Kollitides, who oversaw a plan to relocate most of Freedom Groups manufacturing to a disused Chrysler facility in Huntsville, Alabama. P.S. Based in Windham, Maine, Bushmaster had, over the course of 30 years, grown from a tiny gun-parts manufacturer into the preferred firearm of the high-capacity target shooter. Um, ever heard of Microsoft Windows? For several values of they, as we say in the nerd-pool. [T]he time is now to consider before we double down on our investment of a lot of our personal capital getting him his title and $$ back and enduring his inability to work within our system. In an email recorded in the final verdict, Jason Schauble outlines his plan. It also probably means a paradoxical slackening of demand in the gun market, further devaluing Feinbergs investment. That made him happy., While Feinberg generally stayed out of Freedom Groups day-to-day affairs, he took a personal interest in Remington Defense, the companys military-supply wing, appointing Jason Schauble, a former Marine Corps captain, to run it. DPMS / Panther Arms The audio could use some work, but it's pretty good. PARKER GUNMAKERS Comments from Kevin are marked as such.]. The owner was having some cash flow issues, so he sold controlling interest to larger company. You are trading complete ownership of a pie you cant make work, for a slice of a pie someone else thinks *they can* make work. This guy couldnt keep track of a couple of hundred suppressors and his personal guns? He was summarily fired for guns that either werent actually his or were being legitimately used for R&D purposes being in the shop, and that was a breach of the contract from Freedom Groups end. That part of the case could easily have gone the other way. There is no way in hell Remingtons culture could vocally support classically liberal economics and a strong rule of law. He joined him on one of his elk-hunting jaunts and described the billionaire as an ordinary, down-to-earth American. Feinberg even offered to fly Reichert to California for a consultation with a leading plastic surgeon regarding his still-disfigured face. By the end of his second day, he was consistently hitting targets from a thousand yards away the equivalent of 11 city blocks. I havent read through the full decision (though I will), but this was an Interesting read. Like concealed carry laws that followed, they were supposedly never intended to be applied to John q publicjust the bad element. . A catalyst was the Protection of Lawful Commerce in Arms Act, pushed by NRA lobbyists and passed by a Republican-controlled Congress in 2005. On a separate floor is the private-equity group. Mr. Bittingham is not blameless in this episode. I did as much with 15mins of free online tutorials and a couple hours of company time while working in a corporate mailroom years ago. The only good news was that Kevin was untouchable unless he committed a felony, or broke company policy. I work with a lady who just left a firm that used to be owned by a sole proprietor. Emily Kohrs didnt do anything wrong, and the medias harsh treatment of the Fulton County foreperson was a gift to Trumps lawyers. REMINGTON MILITARY City to Pay Millions to Protesters Kettled by NYPD in 2020. Remington could have gotten exactly what they wanted if they had just been patient. In reality, there had never been any cause for termination. Dyke was uncomfortable with the speed at which Cerberus was moving. Kevin tried to negotiate the terms of the agreement, but there were no changes. This demographic was key to Cerberuss success. Kevin and his buddies and his wife who built AA are good guys. The target was Bushmaster, one of the leading makers of black guns: highly configurable assault rifles patterned after the military-issue AR-15. From 2006 to 2013, that number doubled from 10 million checks to over 21 million. Mike Pences 2024 Strategy Totally Depends on Iowa Evangelicals. Its the investing equivalent of toxic waste. (Personal reasons. Freedom Group used its integrated brand portfolio as leverage. Not long after Feinbergs trip to Blackwater, Cerberuss private-equity arm bought its first firearms manufacturer. This contract was procured via the Navy Electronic Commerce and Naval Surface Warfare Center Crane Division. This email will be used to sign into all New York sites. Just read your analysis and also read the decision. He spoke quietly, patiently, in a gentle New York accent. Hundreds of people violently detained during a protest in the Bronx could receive $21,500 each. I can paint the outline in broad strokes though. King Charles Evicts Harry and Meghan From House They Dont Live In. He likes guns. In the comments, shed posed the question: Who is my dad.???????. As the head of Cerberus, he personally owns a controlling, concentrated stake in the firm likely a majority. My point: Free market proponents expect contracts to be enforced quickly and effectively. Its a shame really, I was thinking of doing a 700 build on the shiny new MDT LSS chassis, and the versamax looks very cool. Now. Several things jump out at me: 1. I think you [Scott Blackstone, Freedom Group] and I should seriously consider a Plan B for this business. He was joined in this request by the California State Teachers Retirement System, a key Cerberus investor and one of the largest pension funds in the country, which threatened to pull its money from the firm if it didnt divest from its gun investments. If a Remington was a gun buyers first gun, a Bushmaster was the last, the ultimate fetish object for a generation acclimated to imagery from Call of Duty: Modern Warfare. The taxed portion goes into my pocket, the rest is paid to various funds and accounts that cover health, dental, retirement, etc. The gun cultures objection to conglomeration was reminiscent of objections Id once heard from conscious consumers when Unilever had purchased Ben & Jerrys. He confirmed via text message that the silencer in question was indeed a Maxim, but he maintains that it was sent by Freedom Group to set him up. In late 2013, Freedom Group rebranded, changing its name to Remington Outdoor Company. The 4-Day Week Is for White-collar Workers. It doesnt surprise me that our government would put in place rules/regulations that stifle design and innovation, they do that all the time. Its play was obvious: roll up small gun companies, centralize management while combining costs and cutting overhead, and then, when the moment was right, sell the conglomerate to the public via an IPO. Cerberus manages an enormous amount of money more than $30 billion from several floors in a midtown office building on 52nd Street and Third Avenue. It is the same company. Careful. The boom was short-lived: The 2014 rollout of a new pistol, the Remington R51, was a disaster an unreliable shooter with serious production flaws, the R51 was the Galaxy Note of the firearms industry, and Remington ended up recalling the guns. Anthony DEsposito has a bill to keep Santos, a fellow Republican, from profiting off his lies. The opposite of equitable rule of law could be an oligarcy, feudalism, corporatocracy, or any various flavors of totalitarian collectivism littered throughout history where the law, such that it is, is used to bludgeon the little people and potential competitors, but passes are handed out like candy on Halloween for the properly connected and/or titled (ahem Obamacare ahem). Many of these accessories were of questionable utility. The terms of his contract were that he would be an employee of the new AAC and retain control of that autonomous entity, and if he hit his performance metrics and was still employed come January of 2015 hed be given an extra $4 million over the $10 million purchase price. But months later when the list made its way to Freedom Groups headquarters, they took it as gospel that the guns in the Kevin pile were all actually Kevins guns, did no further fact checking, and decided to fire him without notice. Its an amoral, uncaring thing that has enormous benefits for those who can harness it and carelessly crushes those who fall afoul of it. In the meantime, AAC continued to use their pre-sale FFLs to conduct business while Freedom Group obtained a new one for the new AAC, and even after the new FFL was in place the existing stocks of guns and ammo that had been agreed upon as part of the sale remained in the old FFLs bound books. Kollitides needed a fix, quickly. Lazy in wanting some other company to magically make the problem go away, and foolish to relinquish control of his company. Thats TEN MILLION DOLLARS. I think I can build and test a few for less than 10K but biz stuff will bring the most cost I am sure. You should make the effort to get at least one hot-shot lawyer on your side. Reichert, the shooting instructor, eventually left Tier 1 Group to work on a classified high-tech firearms program for DARPA. The question I have is why? Behave honorably and competently and theyll gladly be customers, partners and advocates when you eventually decide to try again on your own. It was rumored that, following the massacre, he asked his son to sell the company. Read Full Summary Public Private Court, Arrest or Criminal Records Check Full Reputation Profile to see if Kevin has court, arrest, criminal or conviction records. Once you start dealing fit 7 digits in front of the decimal point, everyone is a scumbag. Unions arent perfect, but as a member of a construction trade union all of my benefits are rolled into one hourly rate that the contractor pays. Of course, owning was a questionable term here; by the end of 2015, Remington Outdoor Company was worth less than the debt attached to it, like a house with an underwater mortgage. Im kinda leery of both of them know. A secretive Manhattan billionaires dreams of creating Americas foremost firearms empire. Those who advocate for markets generally want fewer, but strongly enforced laws. Kevin Brittingham: 300 Blackout was a commercialized wildcat cartridge that was known as 300 Whisper by J.D. In Defense of the Talkative Trump Grand Juror. What this meant was that there was and is a finite pool of class 3 weapons available for civilian ownershipa pool that continues to shrink in quantity and grow in value. Honestly the revenue and sale of business dollars here are at the bottom end of business. Remington and Freedom Group manage products for the masses.completely out of line fundamentally with AACs products. Kevin Brittingham founded Advanced Armament Corp, which became one of the biggest silencer manufacturers in the world. She purchased a Bushmaster assault rifle in March 2010, part of an expanding arsenal: three pistols, two bolt-action rifles, a shotgun, and three samurai swords. Nardelli is an infamous jerk. I could teach anyone how to do this with a properly sighted gun in five minutes. Gravity was a constant, and one could consult a table to calculate the trajectory. We will check for: DUIs Traffic Tickets Misdemeanors REMINGTON PMPD But thats the gist. DeSantis Promises Florida Will Control Disney Content. That is not how I read it. Yeah if I were him Id never sell, not unless I was getting out of the business altogether. Great people, period! Think about it. Kevin thought that he was canned, but Remington offered him an option. The lawsuit over the faulty Remington trigger mechanism had forced the company to offer another recall, this time for more than 7.5 million units, and the firm ended up losing more than $135 million in a single year, for a net profit margin of minus 17 percent. A year later, Cerberus bought Bushmaster for $76 million from Richard Dyke, the companys founder. He later sold the company to Remington Defense, another gun company owned by Freedom Group, but stayed at the helm raking in staggering profits while constantly butting heads with upper management. If MACs review didnt end the desire, this sure did. Pending. Freedom Groups customers were buying, often at a premium, field-tested military gear. As such all they had to go on were the bound books for the new FFL, and the guns they were putting in the Kevin pile turned out to indeed be related to the sale of the company years earlier. He is best known for being a member of the band Cinderella. ALL RIGHTS RESERVED. But after a meeting with Jason Schauble (then working for Remington, recently fired from Tracking Point, and now working for SilencerCo), Kevin saw that Remington might be able to help them grow the business beyond what they could do on their own. Now Feinberg, 45, wanted to get into the field. For the sake of argument (and the edification of someone who has neither sold computers nor wrangled an FFL), whats the difference?. I apologize, but Im going off on a tangent here. Interesting to me, its good strategy to work the system (vs. do the work) if you arent particularly good at doing the work. His name is Kevin Brittingham, the "people's CEO." Brittingham is a name you should know. The judge didnt find Kevins testimony credible on that point, but the lack of evidence to support Freedom Groups assertion that the guns were Kevins makes it a moot point. MPW (Multi-Purpose Weapon), a rifle chambered in .300 AAC Blackout, made with 16" and 12.5" barrels. The judge thinks that Kevin might have been after some personal firearms as well, but Kevin says he just wanted to grab his personal effects when he was suspended previously, Remington didnt even let him grab his kids backpack before being thrown out of the building. Despite these connections, Feinberg regarded himself as a regular guy. Ive seen it happen with a number of FFLs and that was with less of a clusterfck and much less going on. The strategy is to try to be useful & learn all you can about how they can (probably) make the business work when you cannot. Remington still hadnt paid the full purchase price either, meaning that Kevin was stuck for another few years. So, say he leaves a pre-ban m16 on premises and an employee begins testing a new silencer design on the gun. Regardless, short of repealing the NFA, Ownership, manufacture, maintenance, and transfer of such items is a legal nightmare, especially if you want to do it on a corporate level. But here are the cliff notes: Due to these decisions, the judge ruled that Kevin had been terminated without cause and was due every cent of the damages that he demanded: somewhere around $14 million plus lawyer fees and interest. 17.5k Followers, 1,349 Following, 3,347 Posts - See Instagram photos and videos from Kevin Brittingham (@kevinbrittingham) You gotta say no up front. Feinberg was trim, balding, blond, and wore a bristly mustache but no beard. By 2009, it looked like a recruiting poster for Delta Force. Problem is, its state law where we live that this practice is 100% illegal, and the AG even sent letters out to remind companies of this. Youre dumb, because Im not talking about Remington and I indicated it was a tangent for a reason. Reichert obliged, dragging his pupil into the swamps near the Camp LeJeune base. So after this, who still wants a Remington R51? Although the U.S. governments 2009 automotive-industry bailout forced Cerberus to devalue its holdings in the two firms, Cerberus was able to salvage what could have been a total loss. The owner of a business has a great deal of leeway on how they run that business. He's a lawyer and civil rights/gun activist. In 2004, alongside Goldman Sachs, Cerberus privatized 65,000 units of public housing in Berlin. That warning never took place, and no time was given. He wanted Freedom Group money to expand but he wanted to lose none of his control of the business. Kevin Brittingham: In the 24 hours after we put it on the website for retail, we sold 600 of them. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. This kind of organizational nonsense will come out in the products eventually. Via iRealHousewives. [24] AAC also partners with the National Rifle Association in grassroots lobbying efforts to educate voters about firearms legislation. Despite the fact, for example, that the big investment banks are paying out billions of dollars to the feds for their unsavory mortgage practices that lead directly to the last recession, he argued that the mortgage brokers and bankers owed no duty at all to the borrowers not to lie to them, not to mislead them, not to falsify loan documents. A big thumbs down to FG/Remington for not insisting that all the FFL/NFA/ownership stuff not be cleaned up prior to closing. They were right. It makes no sense. Theres nothing intrinsically technically difficult about SBRs, suppressors, etc. Theres no systemic cure for that. Since day one, Kevin had used his personal gun collection in the design and development of the companys silencers. DG, as a lawyer who represented both small and huge companies in mergers and acquisitions, all I can say is: you nailed it. Not budding hunters, necessarily participation rates in the outdoor sports had been stagnating for years. I cant help but see some fault from Brittingham as well. Kevin Brittingham founded Advanced Armament Corporation in 1994 to manufacture sound suppressors, having previously been a distributor for GEMTECH, another suppressor manufacturer. Each part of the description could go in a corresponding column and be searchable. (You can probably guess how I feel about this assumption.) There had been Big Pharma, and Big Oil, but never Big Gun. Novelty sells in this business more than tactical improvements, he told me. Rimfire models include the Aviator2, and Element2. Despite Remingtons promise to send them support to handle the compliance issues, no help came. Cerberus continued without him. Look, I grew up in rural America, he said. Most interesting to me is that during the run-up, the folks speaking out against the bubble, and indeed betting against the bubble with their on money were the most demonized. I dont think so, but its your sandbox, so your call.). He seems to be sloppy, lazy, and foolish. The intent of the law was to get bad people off the streetsin theory. Related: 'Real Housewives of Dallas': Did Bravo Fire Former Housewife, LeeAnne Locken? Silencerco I hope you guys are listening.. Theres a reason I dont want to deal with NFA itemsand the big one is that the amount of paperwork just isnt worth it to me. If I wanted to do anything with SBRs or cans, Id hire a consulting firm to help walk me through everything, from applying for the FFL and additional licensing, the ITAR crap and then and do compliance audits before the ATF does. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. All I was saying is, with just them doing it, its understandable their compliance was a mess. Sales of the R-15 boomed. This is a whole boatload of fail and a passel of never mind. Its true, although a lot of companies do it. But Feinberg was able to overlook these character flaws, and somehow the frothing anti-Semitism of the Trumpist fringe as well. Reminds me of a conversation I had with a young man who is a sophomore at Penn, was basically convinced of the proposition that unless it is illegal, it is fair game. With this ruling we have a pretty good case that we need to consider a mass boycott of FG, period. Idiots. Brittingham, the founder of Advanced Armament Corporation, currently holds more than 40 patents in the firearms industry. Our rifles were neither fit nor finished, nor in any condition to be offered for sale. Gun magazines and internet forums were filled with complaints, and after Cerberus bought it, Remington was forced to issue multiple recalls, for both guns and ammunition. This is what happens when we concede to reasonable gun control measures, high levels of unreasonableness. Freedom Group and Remington had been incorrect about their finding of cause for terminating Kevin, had withheld information by never providing him with any documentation about the investigation or even a detailed description of what he did wrong, and issued an ultimatum to sign the new employment agreement or lose out on all his money. But this R&D is related to our RKBA, so why is it ok to do this?
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