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Thread: Gibson Guitars in trouble

  1. #126
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    Quote Originally Posted by Supersonic Scientist View Post
    ...and the troubles for Gibson just keep getting worse...


    https://www.musicradar.com/news/tron...llar50-million

    Wow. Hard not to conclude that the sooner the present company is put out of its misery, and something new arises from the ashes run by somebody else, the better.

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  3. #128
    Member Emeritus (A.M.P.) rcarlberg's Avatar
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    Juszkiewicz will undoubtedly get a golden parachute worth hundreds of millions. In the 1990s this sort of "leadership" was known as "vampire capitalism." It's too bad a great legacy has been shattered to make one greedy dude rich.

  4. #129
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    Saw a TV ad this past weekend for Guitar Center - a Les Paul for $1649 - looks to be the Studio
    The Les Paul Studio is a stylish, essential guitar that delivers on design, tone and playability with authority. The white-bound, solid-rosewood fingerboard and SlimTaper neck provide a high-end appearance and enhanced playing feel. A pair of Gibson’s most popular humbucking pickups, ‘57 Classic and ‘57 Classic+ and 2 push-pull pots in an Ult...

    Checking out their website showed plenty of Gibson's with hefty pricetags ...
    "Normal is just the average of extremes" - Gary Lessor

  5. #130
    Studmuffin Scott Bails's Avatar
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    Quote Originally Posted by rcarlberg View Post
    Juszkiewicz will undoubtedly get a golden parachute worth hundreds of millions. In the 1990s this sort of "leadership" was known as "vampire capitalism." It's too bad a great legacy has been shattered to make one greedy dude rich.
    That's the American Way™ now. See also: Toys R Us, among many others.
    Music isn't about chops, or even about talent - it's about sound and the way that sound communicates to people. Mike Keneally

  6. #131
    Member Emeritus (A.M.P.) rcarlberg's Avatar
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    Did Toys R Us implode due to a greedy CEO, or due to competition from Amazon?

  7. #132
    Man of repute progmatist's Avatar
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    ^^ The way things are going, there will soon be no brick and mortar stores left.
    "Well my son, life is like a beanstalk, isn't it?"--Dalai Lama

  8. #133
    Member dgtlman's Avatar
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    Quote Originally Posted by rcarlberg View Post
    "vampire capitalism."
    Sounds like a great name for a band or an album
    Last edited by dgtlman; 05-01-2018 at 06:38 PM.

  9. #134
    Studmuffin Scott Bails's Avatar
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    Quote Originally Posted by rcarlberg View Post
    Did Toys R Us implode due to a greedy CEO, or due to competition from Amazon?
    They were over-leveraged by a hedge fund.
    Music isn't about chops, or even about talent - it's about sound and the way that sound communicates to people. Mike Keneally

  10. #135
    Quote Originally Posted by rcarlberg View Post
    Did Toys R Us implode due to a greedy CEO, or due to competition from Amazon?
    All the kids grew up.

  11. #136
    Member Top Cat's Avatar
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    I think there are a lot of factors involved in Gibson's bankruptcy.
    They've been plagued with quality issues for quite a few years.
    Sales of guitars are down across the board for ALL manufacturers due to the fact the younger generation is just not interested in picking up guitars anymore.
    I see that as cyclical as my experience has shown everything comes full circle eventually.
    Poor management and decision making such as the acquisition of a failing company(Phillips) by a failing company(Gibson) only increased their debt.

    I bought a Gibson Les Paul Tribute Gold Top from Sweetwater last summer and I'm quite pleased with the quality at least on the appearance. Due to personal reasons I haven't been able to play it but for a few hours after unboxing it, but it sounded and played well at that time.
    I'll let you know in a couple of months how that works out once I can fire it up again with my VOX AC10C1 combo amp.
    Soundcloud page: Open Window, musical meanderings https://soundcloud.com/precipice
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  12. #137
    Member Jerjo's Avatar
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    A lot of big box retailers are blaming Amazon but they're only responsible for 4% of all retail. I would imagine that Amazon swallows up a higher percentage in books/music/video but they've become a convenient excuse. In the early 00s too many retailers expanded to a ridiculous amount of stores (remember Borders, Circuit City, etc). When the economy started to tank, those places took a huge hit.
    I don't like country music, but I don't mean to denigrate those who do. And for the people who like country music, denigrate means 'put down.'- Bob Newhart

  13. #138
    Orange Tick Squasher Buddhabreath's Avatar
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    Not new but a very informed discussion of Gibson guitars and the unfortunate situation:
    The combined fortunes of the world's 26 richest individuals reached $1.4 trillion last year the same amount as the total wealth of the 3.8 billion poorest people.

  14. #139
    Member Emeritus (A.M.P.) rcarlberg's Avatar
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    Quote Originally Posted by Jerjo View Post
    A lot of big box retailers are blaming Amazon but they're only responsible for 4% of all retail. I would imagine that Amazon swallows up a higher percentage in books/music/video but they've become a convenient excuse. In the early 00s too many retailers expanded to a ridiculous amount of stores (remember Borders, Circuit City, etc). When the economy started to tank, those places took a huge hit.
    "We'll lose money on every sale, but we can make it up in volume." Yeah, MBAs started running companies and vampire capitalism became a thing.

  15. #140
    Progga mogrooves's Avatar
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    Maybe, in order to attract customers at a younger age, Gibson could sell guitars through "Toys 'R Us." Oh....wait a minute.
    Michael: "Harold, don't you have any other music, you know, from [last] century?"
    Harold: "There is no other music....."

  16. #141
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    Henry Juszkiewicz is interviewed in the current edition of Guitarist magazine about Gibson's present travails. He comes across as devious, manifestly untrustworthy, and only vaguely acquainted with concepts such as the truth in the course of the text - and this despite being given a very easy time by the interviewer. Indeed, if Juszkiewicz'z own account were to be believed, Gibson's current financial problems are little more than a temporary financial blip that are already well on the way to being resolved, there is NO CRISIS, and in fact take away the problems with Philips then everything is fine and dandy. If I read the interview correctly, he also states that he expects to be at the company for at least another two years. I'm sure Gibson's employees (who, fro the most part, utterly loathe HJ for his despotic style of micro-management) will be thrilled by this news

  17. #142
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    Oh yes, he also dismisses the regularly reported quality-control problems with Gibson's guitars as 'fake news.' Such a nice man.

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  19. #144
    Quote Originally Posted by Supersonic Scientist View Post
    Should have happened already, but I'm glad to see that at least it's happening now. But the "music industry experience preferred" (my emphasis) isn't exactly encouraging. To me, that should be pretty much mandatory. Though possibly if they get a PE guy who will spin off various components, then maybe the guitar division will be spun out and become independent. So that could work, but I'm not holding my breath. It will be interesting to see what happens.

    Bill

  20. #145
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    New ‘Flying-V’ Plane Could Revolutionise Air Travel

    https://www.physics-astronomy.org/20...lutionise.html

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