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"No major impact on financials" sounds like they paid Bahar a good sum of moneyA large headache now seemingly resolved...
DRB-Hicom, ex-group Lotus CEO Bahar resolve legal dispute - Business News | The Star Online
"No major impact on financials" sounds like they paid Bahar a good sum of moneyA large headache now seemingly resolved...
DRB-Hicom, ex-group Lotus CEO Bahar resolve legal dispute - Business News | The Star Online
You must've missed everything. Wasting all the cash flow on pie-in-the-sky pipe dreams that results in no new product, a confused media, and skeptical customers is not "staying competitive".Not sure why he would be called a weasel. I think bahars direction is the only way to stay competitve. Rules and regulations are killing the lotus mantra so lotus needs to point to another direction
You bet.You must've missed everything. Wasting all the cash flow on pie-in-the-sky pipe dreams that results in no new product, a confused media, and skeptical customers is not "staying competitive".
He's a weasel and an idiot and the world is a better place without him.
Former Lotus CEO Danny Bahar Sued for $4 MillionBahar was originally fired on speculation from shareholders that he was grossly misusing company funds. That speculation eventually led into the full-fledged investigation that cost him his position. According to the court filings, Bahar used company funds for “excessively extravagant” indulgences.
These so-called indulgences included a personal chauffeur as well as helicopter and private jet rentals. Lotus also claims he used company funds for personal house repairs. Bahar was quick to respond to the lawsuit, filing one of his own. A wrongful termination suit to the tune of $10.7 million (6.7 million pounds) was filed by Bahar, an increase of nearly $7 million over the lawsuit filed by Lotus.
You must've missed everything. Wasting all the cash flow on pie-in-the-sky pipe dreams that results in no new product, a confused media, and skeptical customers is not "staying competitive".
He's a weasel and an idiot and the world is a better place without him.
No he did not. Or, at the very least, we do not know. These were counter claims, alleged offenses, and obviously, not proven. Settling is not an admission on guilt, on either side. It is a desire by both parties to avoid litigation, and possibly an acknowledgement that they do not believe their case is winnable; probably both here. It may well be that it was Dany who wanted to avoid it; it may well be that it was Lotus that wanted to avoid it. If the agreement is unsealed, or leaked, we may know, or it may never be clear or known. One thing for sure, neither side wanted this to go on.Didn't he steal money to build a huge mansion? and fly private everywhere on Lotus's dime to mingle with celebrities? Douche bag...
If Proton didn't make Bahar buy into his plan as a financially vested CEO, then they're just as stupid as he was for overreaching Lotus' very modest budget. I'm not aware of the financial circumstances of his hiring. Anyone know?...
Who knows (other than the parties involved) about what was promised by both parties to each other?
Do you think that the man is a complete idiot (I use the clinical term i.e. IQ<70) and did not discuss the direction he wanted to pursue when he was hired? Do you think that the person that was hiring him was a bigger idiot not to ask??....
I would love to see Lotus maintain their niche while having something an average enthusiast can rationalize buying. The Elise/Exige are just too hardcore for typical WRX/Miata/GTI/etc. enthusiasts, which is already a fairly hardcore group compared to the average Camry/Accord/Civic buyer. I can picture Lotus maintaining being the lightest of their sports car peers, like perhaps a modern day Elan that's S2000 sized, and then a new Esprit that could at least on paper compete with the Audi R8 or Gallardo while maintaining the "lightest in class" badge of honor, something like that.Taking this a different direction, I would say his IDEA that heavier cars that deliver the luxury and performance a discriminating buy would want is the future. Look at 918, P1, or Laferrari for definitive proof. Not to say that the company shouldn't have an Elise/Exige in the lineup which is the light and pure driving experience that should always be a part of Lotus, but rather a better executed Evora-type vehicle is the future rather than another 2000 lb car. They really should become the british Porsche and follow their business model.
I strongly disagree. Competing with Porsche on their terms is pointless. Why try to be Porsche? We already have Porsche.Taking this a different direction, I would say his IDEA that heavier cars that deliver the luxury and performance a discriminating buy would want is the future. Look at 918, P1, or Laferrari for definitive proof. Not to say that the company shouldn't have an Elise/Exige in the lineup which is the light and pure driving experience that should always be a part of Lotus, but rather a better executed Evora-type vehicle is the future rather than another 2000 lb car. They really should become the british Porsche and follow their business model.
Now that's funny, and priceless!The one positive was probably Enstone F1 branding as Lotus, since the money promised to Enstone was never paid and they still reap the benefits of extra tv time when Maldonado crashes.
Don't applaud to loudly. It's a hair piece.On the positive, he had good hair.