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Volume 24 No. 115

Sports Industrialists

          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).