Originally posted by Wickerman
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The above post is as much rubbish as anything that has been written on this thread so far and goes to show how biased a book or article can be on a subject.
Facts are twisted out of all proportion as you will see from the ACTUAL TRANSCRIPT OF THE INTERVIEW BETWEEN LOU SMIT AND JOHN RAMSEY......
LOU SMIT: I just have another question on Jeff Merrick. I have something in the report, and I'm going to have to do just a little research on it but I think that there was something about A a $100,000 figure (INAUDIBLE) was what his payoff was. And I kind of compare that with a $118,000 just to see if there was any correlation there?
JOHN RAMSEY: See, when he first demanded what he wanted, to leave without making a fuss, I think it was $250,000. And I forget the logic, but if you took that number and subtracted what he actually got left, a hundredish thousand but I think that there was something about a $100,000 figure (INAUDIBLE) was what his payoff was. And I kind of compared that with a $118,000 just to see if there was any correlation there?
JOHN RAMSEY: See, when he first demanded what he wanted, to leave without making a fuss, I think it was $250,000. And I forget the logic, but if you took that number and subtracted what he actually got left, a hundredish thousand about.
LOU SMIT: That's what I was wondering about, because it could have been 118 that you owed him or something. And he just figured that.
JOHN RAMSEY: I don't remember exactly. I remember coming up with around a hundred.
(INAUDIBLE) but I don't remember any kind of 118. We gave him the severance. We paid for outsource or outplacement counseling. There were a number of things that we did in that up to the $250,000.
LOU SMIT: Is there a way of determining that?I mean, I'm thinking he told me 118 thousand.
JOHN RAMSEY: I think Gary Yearman, he was HR director, and still is. He would have remembered it very well, because he handled it.
MIKE KANE: Access is still (INAUDIBLE) is still (INAUDIBLE)?
JOHN RAMSEY: Yeah. I guess he was (INAUDIBLE) the whole episode. Don Paugh also because he was the supervisor.
You now can see that how they managed to arrive at the figure of $118,000 is farcical. For a start a disgruntled employee would have asked for a least a million dollars from his multi millionaire boss.
As it happened, he got the settlement he wanted and moved onto a higher paying job, where he was employed at the time of JBR's death.
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