511–520 of 704 posts
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Would a simple audit not completely destroy this case? "How did you acquire these sets?" "Uhm... don't know they just appeared out of nowhere" Straight to jail.
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And even then, the trail audit goes further as the previous franchisee didn't have a proof of purchase of $200k of inventory.
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I agree with you. It makes no rational sense for the corporation to act this way. I can see how they end up losing a court case but can't explain why they don't pay up. It sounds like the first franchise collapsed owing money. I expect the company had created strong incentives for employees to claw that back. Someone has followed those incentives against the interest of the corporation. This happens all the time alth…
It’s a farcical notion that people are uniformly rational actors, as well as the notion that rational is adjacent to just. It’s an unfortunate fact that many people in positions of wealth and power default to “F-you my lawyers will drown you and I will win” in every single case, regardless of merit. Many times, that is the singular strategy that has put them in that position of wealth and power. Many times, they appl…
Here, they are looking at small amounts of money, but they close a store, which presumably involves writing down an asset and forgoing future revenue. This only gives them a small chance of avoiding payment and risks the reputation of the entire firm.
The earlier decisions all fit the narrative of coldly rational, but I find the final decision to close the store doesn't fit. It's almost impossible to imagine how it ends well for the corporation.
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I think it's more visceral, but a smaller story. 'yet another person merked by our predatory healthcare system' is a headline that will be relevant again, with new participants, tomorrow, or next week. This headline about star wars lego? Less so.
> a smaller story Sure. Any one person's story will be smaller than the whole picture - is that your whole point? What are you proposing - that we ignore stories like this until we fix healthcare? Because if that's not what you're saying, why bring it up as if one cancer patient's life and property rights aren't important (even beyond tomorrow and next week)? > 'yet another person merked by our predatory healthcare s…
IMO that's a pretty antagonistic read of my comment. GP said 'bigger story', you said 'visceral story'. In no way do I read myself or the GP dismissing the B&M story - quite the opposite, as GP says, noting "millions of dollars in PR damage" doesn't sound like ignoring something.
The second half of my comment was criticizing the news cycle, and its preference for unique headlines.
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Or they thought that the losses were acceptable to avoid having to make sworn statements about the series of events that are still at issue in the previous owner's case and some events that may very well still be charged by Oregon prosecutors.
They didn't even lose any money, because by closing the store the damages were never paid. It's really depressing to see to be honest.
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Or they thought that the losses were acceptable to avoid having to make sworn statements about the series of events that are still at issue in the previous owner's case and some events that may very well still be charged by Oregon prosecutors.
They didn't even lose any money, because by closing the store the damages were never paid. It's really depressing to see to be honest.
I'm really confused by this blog. There seems to be a large portion of the story missing. I can't figure out the correlation between the owner losing their franchise and the rest of the story. Why did they want to steal the sets? If they're really a $400M company (whatever that means), why would they do this over (at most) $200k? I couldn't figure out what is being claimed here. I'm not saying it's not true, I just c…
It's not that hard to understand. A man gave a store merchandise on consignment, signed a contract with the store manager. The manager lost control of the store to corporate. The goods were still there, still on display and being sold. Corporate says, "this is mine now" and refuses to honor the contract. "It wasn't our name on it, says right here that the previous store manager signed this, and she's no longer with u…
I just don’t understand why a company with $95m in sales would steal $200k. That’s a fraction of a percent of sales for the year. There’s now a boycott against them that will easily cost them more than that. If the case is as this blog says, it cannot be hard to find a lawyer to do this one pro bono. Breach of contract is one of the few things in America where you can sue for your legal fees. If you take over a busin…
Yes, franchisor hold a lot of power, and in the big picture the franchisees are small owners and a move like this ($200k of merch they haven't paid a dime for) can affect the PnL quite a lot on the local level. It seems like the average Bricks and Minifigs franchise store has annual revenue of just $600k. At that's revenue. Another search shows that their margins are around 10%-20%
If these franchise owners managed to pull of this, and sell the collection for $200k on top of the expected annual revenue, that would put their store margin for that year around 45%-55%!
I'm guessing Bricks and Minifigs, the corporation, just assumed this would fly quietly under the radar, and let their franchisees.
I think it just comes down to greed. A couple of franchisees figured they could make a killing, and become one of the most profitable franchise stores with no effort.
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> I have no social media presence. You know HN is just social media for nerds, right?
No, it's not. It's just social. No media. I mean I realize there's links, don't I don't follow them, so to me it's just social without the media. Besides, the actual point which is that I have no profile, still stands.
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If cops are pulling over another person from Utah probably not a big deal but when dealing with an outsider from out of state the situation is different.
I can personally attest to this, along with many of my friends and family. I've driven hundreds of extra miles per trip going around that damned state.
I lived in Idaho Falls (well within the majority Mormon area that extends farther North at least to Rexburg) and never had an issue, but I definitely knew I was not part of the club.