SBD/16/Sports Industrialists

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  • CALLAWAY SETTLES WITH SCHMIDT OVER CLUB DEVELOPMENT SUIT

              Callaway Golf named GLENN SCHMIDT Assistant to the
         President for Creative Design. Schmidt served as VP/Research
         & Development for Callaway from '90-'95.  Callaway and
         Schmidt also "reached a settlement of all former disputes
         and disagreements" between the two.  The settlement restored
         the value of Glenn's unvested stock options which he lost
         and he also receives a "one time" payment of $12M.  Schmidt
         was granted options on 600,000 shares of the company common
         stock (Callaway).  Schmidt had claimed that he "introduced
         Callaway to the concept of large metal woods" and other
         technology and was to go to trial October 20 after charging
         Callaway "with unjust enrichment, breach of contract,
         intentional misrepresentation, fraud and deceit and wrong
         termination, among other things" (UNION-TRIBUNE, 9/13).  
    
    

    Print | Tags: Callaway Golf, People and Pop Culture
  • GEORGE SHINN TO APPEAL UNSEALING OF COURT RECORDS

              A SC judge on Monday "decided to unseal court records
         detailing sexual-misconduct allegations against Charlotte
         Hornets owner GEORGE SHINN," according to Reinan, Chandler &
         Suchetka of the CHARLOTTE OBSERVER.  Circuit Judge John
         Hayes III "gave Shinn's attorneys 24 hours to appeal his
         ruling.  They said they would appeal today.  The appellate
         court could take as long as a week to consider the appeal.
         ... A warrant for last week's search of Shinn's waterfront
         mansion in Tega Cay, S.C., contains a lengthy statement from
         the woman about the morning of Sept. 5, when she claims the
         incident occurred" (CHARLOTTE OBSERVER, 9/16).  On Friday,
         Shinn's attorney persuaded [Judge Hayes] to seal the search
         warrant and all other information regarding the incident,"
         saying the release would "cause irreparable harm" (Wright &
         Eichel, CHARLOTTE OBSERVER, 9/13).
    
    

    Print | Tags: New Orleans Pelicans, People and Pop Culture
  • NAMES IN THE NEWS

              CLYDE DREXLER, MITCH RICHMOND, KURT RAMBIS, MALIK SEALY
         and LORENZEN WRIGHT will appear on Wednesday's episode of
         "The Sentinel" on UPN. Drexler and Richmond play feuding
         murder suspects.  Also appearing will be RALPH LAWLER, HUBIE
         BROWN and BILL WALTON, the Clippers' announcing crew on
         L.A.'s UPN KCOP (L.A. DAILY NEWS, 9/15)....In Milwaukee,
         BRETT FAVRE'S STEAKHOUSE, the restaurant owned by Favre, his
         agent, JAMES COOK, and DICK MONFORT, opened last week. 
         JOURNAL SENTINEL restaurant critic Dennis Getto gave it a
         favorable review, writing that the filet mignon "is nothing
         short of a spectacular steak.  It was so tender and
         flavorful we ate every bite" (JOURNAL SENTINEL, 9/16).
         ...76er ALLEN IVERSON, on whether he will be one of the
         young players who will carry the torch for the league after
         MICHAEL JORDAN retires "As time goes by, people will find
         out what type of person I am, and I think I'll be able to
         carry that torch, and people will accept me" (ESPN, 9/14).
    
    

    Print | Tags: ESPN, Los Angeles Clippers, People and Pop Culture, UPN, Walt Disney
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