Jump to content
Why become a member? ×

Gibson's recovery halted by Trump's trade policy?


Rikkers

Recommended Posts

On ‎10‎/‎06‎/‎2018 at 10:18, mikel said:

Even better, tarrifs on all the junk food they dump on the unsuspecting.

Sounds good to me. I'd be quite happy to see Hershey's abominable pseudo-chocolate tariffed out of existence.

  • Like 1
Link to comment
Share on other sites

14 minutes ago, Rich said:

Sounds good to me. I'd be quite happy to see Hershey's abominable pseudo-chocolate tariffed out of existence.

Hershey's is a good substitute for silicone grease... sorted out all my clunky doorknobs.

Link to comment
Share on other sites

You gents wouldn't be fixating on yet another poor old CEO would you? This seems to be a bass forum speciality - apart from Fender which manages to have a debt the size of a small country's, presided over dreadful QC (admittedly improved in the last few years a lot) but never a peep of vitriol aimed at its management...... or named individuals 

  • Like 1
Link to comment
Share on other sites

5 hours ago, drTStingray said:

You gents wouldn't be fixating on yet another poor old CEO would you? This seems to be a bass forum speciality - apart from Fender which manages to have a debt the size of a small country's, presided over dreadful QC (admittedly improved in the last few years a lot) but never a peep of vitriol aimed at its management...... or named individuals 

...depends on which of two possible CEOs you are referring to.  Henry or Donald.

Link to comment
Share on other sites

8 hours ago, drTStingray said:

You gents wouldn't be fixating on yet another poor old CEO would you? This seems to be a bass forum speciality - apart from Fender which manages to have a debt the size of a small country's, presided over dreadful QC (admittedly improved in the last few years a lot) but never a peep of vitriol aimed at its management...... or named individuals 

Fender's management are all fairly anonymous. While as a company they appear to be doing only marginally better than Gibson, they don't have a high profile CEO who seems to be on a mission to be single-handedly run the company into the ground and refusing to give up the reins, even when it appears that the only hope for the survival of Gibson as a US-bsed guitar manufacturer is for him to resign and walk away for good.

On the other hand the Mr Hall and Mr Ball might not come across as the most pleasant of individuals, but their companies continue to make guitars and still manage to turn a healthy profit.

Edited by BigRedX
Link to comment
Share on other sites

23 minutes ago, BigRedX said:

Fender's management are all fairly anonymous. While as a company they appear to be doing only marginally better than Gibson, they don't have a high profile CEO who seems to be on a mission to be single-handedly run the company into the ground and refusing to give up the reins, even when it appears that the only hope for the survival of Gibson as a US-bsed guitar manufacturer is for him to resign and walk away for good.

I believe Fender replaced their CEO as part of the restructuring, with a guy who has a track record of success at Disney. Fender probably has a future.

Gibson's CEO who is widely blamed for getting them into this mess, seems to be refusing to go. Gibson's future? Less likely.

Link to comment
Share on other sites

The reasons Fender's management don't attract the same degree of 'vitriol' as Henry J:

* Fender's - or more accurately FMIC's - financial woes were caused by decisions made far above their level by the company's owners - basically a cabal of hedge funds. The worst and most impactful deal was one with Guitar Center  which was itself owned by - surprise! the same companies that owned FMIC at the time. The deal made a lot of money for the greedy finance boys but strapped FMIC into a difficult long term position. Henry's mistakes were all his own.

* Fender's QC problems were of an order of magnitude less than Gibson's and they fixed it. Gibson just keeps making the same stupid mistakes over and over. Moreover, Gibson cods things up on a much bigger canvas. Bit of fret sprout or a hint of orange peel, well, that could happen to anyone. But sending out a $10,000 CS Kossoff replica with the pencil marks for the incomplete relicing clearly visible under the top clear coat then quibbling it about with the buyer while the whole sorry fiasco gets coverage on Les Paul forums? Or the LPJ I bought where the only bit of the wiring harness that had been soldered was the tone cap? The other wires had just been twisted on and left. Now multiply that sort of thing up a thousand  times a year for 15 years...

* There's nothing much wrong with Fender's range that a bit of judicious pruning wouldn't sort out. And while Fender might put out slightly questionable, wack-job range extensions like the Pawn Shop series or the Parallel Universe series they're not quite so violently puke-inducing as - say - the Lawn Dart V or the Zoot Suit SG. 

* One gets the sense that FMIC understand their buyers much better than Gibson and have their finger on the pulse of the market. That said, putting Bono on the board and flogging earphones is a bit Henry-esque. 

* Gibson went out and bought a bunch of music related brands. They closed down some / many of those that musos liked. IIRC, they made a massive hash of TE. Fender - by contrast - eschewed shonky transistor radios and - for example did a deals with Gretsch which has done much to popularise a pretty much moribund specialist brand.

* When it comes to CEO's: Gibson has Henry who pushes himself up the front without ever seeming to know much about guitars. Moreover, he's privately made it clear for years that Gibson's 'heritage' doesn't interest him yet publicly asserted that Gibson guitars are the 'heritage' brand that supports the others. Go figure.

By contrast, Andy Mooney at FMIC is an experienced marketer who loves guitars - seems he commissioned a bespoke CS job years before he even considered joining FMIC. In a rare interview here (FMIC have never been big on corporate showboating) Mooney explains his approach while digressing upon stuff like the power of a Strat and two Marshall Majors (tip of the hat to Blackmore, obvs). And he's a Scot, btw. 

Credit also to those who back Mooney, including Justin Norvell (Sen VP Fender Products) who made his name doing a stellar job with the Squier brand, elevating it from cheapie derivative status to a sort of Area 51 testing ground for wild ideas.

* Perhaps the most important take out is this: Henry took over when Norlin had utterly debased the brand. At the time he was - to use the cliche - a breath of fresh air. And for half his tenure everything was fine. Kudos to him. But about 15 years ago things started to go iffy and the pace of decline has accelerated rapidly: basically, he's ended up back where he started. A company on the brink, dissatisfied customers and a product over which hang too many question marks. 

If I disparage Henry it's not because I hate Gibson; it's because he's gone crazy, demotivated his team, stiffed his suppliers, dissed his retailers and patronised his customers while selling them sub-standard, overpriced guitars. Should I give him a gold medal and a pat on the back? 

No, the main reason I excoriate Mr Juszkiewicz is because I love Gibson guitars and have ever since the first LP I played in 1979 even if it was - with hindsight - a bit of a dog (dome top, big headstock, laminate neck).  I love the old faithfuls like the SG, the Firebird, the Explorer, the eb0; I love the idea of quality, entry level instruments like the LPJ and the original MM's; I drool over '57 Gold Tops. Gawd help me, I even kinda love the mutts like the Corvus and the Sonex. So when Henry puts that at risk he's going to get a pasting from me and - unsurprisingly - scores of thousands of other people who've never even heard of BassChat. As for FMIC - I'd love it if they took Gibson over but it's never going to happen.

Where have you gone, Ted McCarty? Our nation turns its lonely eyes to you...

Edited by skankdelvar
  • Like 3
Link to comment
Share on other sites

  • 3 months later...

And now he (Juszkiewicz, not Mr Trump), has gone:

https://www.musicradar.com/news/ceo-henry-juszkiewicz-ousted-as-gibson-guitar-co-saved-from-bankruptcy

He said: “I will continue to aid Gibson for at least a couple more years, and my mission, really, is to pass on the knowledge and the tools to allow the next generation of management to really excel and bring the brand to a whole new level,” 

I am sure they are glad for that!

  • Thanks 1
Link to comment
Share on other sites

1 hour ago, Woodinblack said:

He said: “I will continue to aid Gibson for at least a couple more years, and my mission, really, is to pass on the knowledge and the tools to allow the next generation of management to really excel and bring the brand to a whole new level,”  

Translated:

I am to serve as an example to the new board.  They don't want to make the same mistakes again.

  • Thanks 1
Link to comment
Share on other sites

53 minutes ago, SpondonBassed said:

They don't want to make the same mistakes again.

Fall 2018: Hedge fund announces Juskiewicz to step down
Winter 2018: 400 Gibson workers laid off as solid body production moved to Cort plant in Korea. Fanbois shake their heads
Spring 2019: All Epiphone models rebadged as Gibson. Fanbois write to Congress
Summer 2019: Gibson 'The Leo' range launches with Clapton 'Blackie' tribute - Fender sues for copyright infringement. Fanbois weep silently.
Fall 2019: Bozeman and Memphis plants close; no more Gibson semis or acoustics. Solid body range consolidated to Korean Les Pauls only. Fanbois riot in Gibson parking lot.
Winter 2019: Hedge fund ends all Gibson activity in USA, moves production of 'The Leo' range to China. Final Les Paul produced. Fanbois rent bus and drive off cliff
Spring 2020: Hedge fund sells Gibson name to Chinese investors. Nothing from fanbois as all dead.
 

  • Haha 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...