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SBD/16/Sports IndustrialistsPrint All
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).
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).
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).