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).