
.
Larry Kaminski has been keeping us updated on his battle against the Denver Broncos filed in California under their Workers Compensation laws. The Broncos current ownership is trying to have their case heard and dismissed in Federal Court based on their claim that when they bought the team, they only acquired the assets and not the liabilities (yes, just when you don’t think it can get any dumber). Read the earlier post – click HERE.
.
Here’s a short update from Larry for those of you also going through Workers Compensation cases or considering that as an option:
.
Fellow Independent Retired Players:
. continue reading »
|
Posted by
Larry Kaminski |
Categories:
Dave Pear,
football,
lawsuit,
NFL,
NFLPA,
RobertinSeattle,
Workers Compensation | Tagged:
Bert Bell/Pete Rozelle NFL Players Retirement Plan,
Bowlens,
cherry picking,
Dave Pear,
Denver Broncos,
Disability Benefits,
Do No Evil,
football,
Larry Kaminski,
Mile High Stadium,
New England Patriots,
NFL,
NFLPA,
NFLPA Executive Director DeMaurice Smith,
pension,
Richard Berthelsen,
RobertinSeattle,
workers' compensation |

.

.
Over the past four and a half decades I have witnessed many, many, many, many acts of injustice, chicanery and dishonesty. Some of these acts occurred on the fields and arenas in sport (as a player, teammate and coach), some in the halls of justice, some in the media and press and others in the avenues of everyday life. But never in all my years of experience and knowledge as an athlete, coach, prosecutor, judge, attorney, teacher, professor, journalist, author and rights advocate, have I ever witnessed such open acts of deliberate manipulations of the truth, excessive greed, conscious indifference, breach of trust, conflicts of interest and cowardice as I have in observing the conduct of Gene Upshaw and DeMaurice Smith and their cronies.
.
Mr. Smith’s conduct - which we will call at this time, “legal crimes” – are of a great intensity. That is because he appears to have consciously misrepresented his intentions and the facts to the public, the press and the media and deliberately pulled on the heart strings of those Pre-1993 retired NFL players by promising effort and commitment at a level he never intended to perform.
.
Certainly the results of the 2011 version of the Collective Bargaining Agreement, as it pertains to the Pre-1993 retired NFL players, was not within light years of the satisfactory conclusion DeMaurice Smith led the retirees, press, media and public to believe. In fact, it was a smoke screen of a disingenuous effort to placate society and discard the heroes of the game like an old shoe who no longer had a sole/soul to stand on. Since that dismal day, very few press or media or others have sought to inquire with any in-depth scrutiny, the true determination of the so-called efforts that DeMaurice Smith made for Pre-1993 retired NFL players (while allegedly negotiating for benefits on their behalf). Some reporters, oblivious to the reality of the true finding, actually praised the pathetic result.
.
Without a doubt, Gene Upshaw was a disgrace as an advocate for pre-1993 retired NFL players. Anyone with half a brain and a conscience knows that. It is an inescapable truth. Jimmy Hoffa could have taken lessons from Upshaw (and his advisors) on how to legally divert millions of dollars into their own greedy hands to the detriment of those who put him in the trusted position as Executive Director. If you will recall, Dick Berthelsen (former interim Executive Director NFLPA and NFLPA General Counsel) said that “whatever Gene is getting paid, it’s not enough.” How much did you get paid to say that, Dick? Remember – at his death, Upshaw left his heirs an estate filled with millions of dollars in real property, luxury cars, extremely valuable personal property and, to our knowledge (at this time), legally diverted funds (from the union marketing company and the NFLPA) easily exceeding $15 million in deferred compensation (according to Washington Post reporter, Tom Jackman, the closer calculation is approximately $19.7 million!). Apparently, the person who was sitting as the Acting Executive Director at that time was… you guessed it: the infamous Dick Berthelsen.
.
Although at this juncture, we could assume DeMaurice Smith has yet to legally divert the enormous wealth Upshaw accumulated so slickly, his conduct is – in the full scope of the events at hand – even more despicable and deplorable than Upshaw. However, let’s not forget: DeMaurice Smith has already made millions since starting his position as Executive Director of the NFLPA. Upshaw, despite his many times in promising to help them, made it clear to the pre-1993 retired players who he really worked for and who had the power to fire him (and it wasn’t retired players.). Many retired players believed that Gene Upshaw was an arrogant and untrustworthy individual. Why then is DeMaurice Smith’s conduct even more despicable and more deplorable than Upshaw (however, others may still say that is a debatable question)?
.
Here’s why: DeMaurice Smith is a former United States Attorney.
.
However, in a broader reality, DeMaurice Smith portrayed himself as much more than just an attorney. DeMaurice Smith emphasized that he was a former Assistant United States Attorney having served under the present Attorney General of the United States. Therefore, it can be assumed, Smith became the Executive Director due to his employment under Attorney General Holder and the sense of integrity and expected “shroud of trust” that position exudes.
.
Therefore, let us unequivocally state, as it pertains to pre-1993 retired NFL players, DeMaurice Smith took the position as the Executive Director of the NFLPA under a cloak of hope and trust which we believe he has openly and secretively betrayed.
.
That “shroud of trust” has been torn!
.
There is nothing more despicable and deplorable than to betray a trust to those individuals whom you, Mr. Smith, are alleging you were empowered to protect. That betrayal becomes metastasized when it is inflicted upon many who are old and virtually defenseless. Do you get that, Mr. Smith?
.
DeMaurice Smith’s alleged attempts at negotiating benefits on the behalf of pre-1993 retired NFL Players was more than a sad joke. It appears to have been a calculated deception to avoid turmoil during a time when an appearance of a unified front was a vital element of a plan to achieve the goals he was truly seeking. It appears that Smith’s agenda was to resolve the major issues regarding the active NFL players while simultaneously using the pre-1993 retired players’ concerns of inadequate pensions, inadequate health insurance and virtually unachievable disability benefits as sacrificial bargaining chips. America – in the legal profession, that is a crystal clear example of having the appearance of a conflict of interest. Ask Mr. Smith.
.
If DeMaurice Smith had done as he preached – “ONE TEAM” – then all that has happened since he took office would be diametrically different. Presumably, Berthelsen would have been fired the first day Smith took office. Tom Condon’s (Upshaw’s attorney/agent) influence on all matters relating to the marketing company and the union would have been terminated. Furthermore, a new Disability Board would be established (minus the trained seals appointed by the union leadership) with qualified members (that had no ties to the members, their agents, the union leadership and/or the teams) being a prerequisite for service.
.
Let us re-examine and re-visit the Tammany Hall-like mentality of Mr. Smith for new readers and the peanut gallery and refresh the memories of the press and media as well as current and retired NFL players:
.
As previously reported: “Mr. Smith has swept under the rug a $28 million dollar judgment against his predecessor’s leadership for breaches of conduct and fiduciary duty, $21 million of which was punitive. Yet, Smith approved the settlement agreement on damages and has rewarded those duty-breachers instead of giving them pink slips.”
.
A huge problem is the virtual sole-proprietorship manner that the NFLPA marketing company is operated. If you will further recall, the former Assistant Executive Director of the NFLPA, Doug Allen (Upshaw’s sidekick), who also assisted in directing the operation of the NFLPA marketing company, had his gross pay increased from $446,281 in 2006 to $1.9 million in 2007. Allen’s wife saw her pay double to $633,534. Allen’s boss Upshaw had his income increased to $6.7 million. Over the years, how much unjustified self-enriched compensation (due to legal manipulation) has been paid to union leadership and their cronies to the detriment of the union membership (especially those with inadequate pensions and/or physical disabilities)?
.
In 1982, that small band of brothers that compelled the ending of the labor strike did so because they had a unified purpose with an impenetrable sense of integrity and resolve. At that time, the union leadership didn’t even have a semblance of a believable strategy or an appearance of being reliable to those they were representing. In fact, they appeared arrogant, unfocused, incompetent and self-serving. Their true place in the end-game negotiations of that year of embattlement became a HUGE inside joke. They became a bigger joke 5 years later during and after the demise of the 1987 strike.
.
As in the Dallas Morning News sports editorial dated July 11, 1982 titled “Garvey Garbling Player Issues” the writer specifically and most accurately fore-warned the following: “The union is supposed to protect the players from management; who will protect the players from the union?”
.
Now the joke is on all of those individuals who allowed those decertified union leaders of the failed 1987 strike to re-establish themselves in the early 90’s. Since that time, they have finagled their way in to a flow of cash and perks that have virtually remained unbalanced and unchecked for nearly twenty years.
.
Presently, a lawsuit is pending in the federal court of Minnesota seeking that unified purpose and a unified goal that existed for that cadre of players in the pivotal altercation of 1982. The same is possible today. However, one must learn from past successes and past blunders.
.
In 1944, Allied Supreme Commander Dwight “Ike” Eisenhower had to forge an alliance among many factions and many different cultures and temperaments to achieve victory against the Nazis. It wasn’t easy! Too many people were concerned more with who got credit if they won than for achieving a joint victory. It took a strong leader to voice a firm unified front with little or no compromise.
.
Today’s interested parties have an opportunity to pull together behind the efforts of their attorneys and fellow brethren to stop the flow of union monies away from their constituents while seeking and achieving adequate pensions and proper health and disability benefits for ALL.
.
Unfortunately, as in 1944, Pre-1993 retired players are immersed in a similar situation. There are too many people concerned on who is going to get us to the goal line rather than getting OVER the goal line. Now is the time to truly unite. Set aside your ego and cease the childish statements of whose lawyers have done this and how many players are backing our group which is more than your group. Enough already!!!
.
As of the date of this editorial, I have not met any of the attorneys who are working on behalf of the retired players. However, I have met John V. Hogan several times. He is a brilliant attorney with a sense of integrity and compassion that has no equal. So I would ask him what he believes should be the most effective avenue of pursuit. At this time, I believe that if Michael Hausfeld has matters in place to achieve an aggressive stance of attack, then it is time for the formation of ONE TEAM. But that attack MUST achieve distancing pre-1993 retired players from any control or influence of the NFLPA. Remember: The verdict from the Adderley Lawsuit clearly established that the NFLPA leadership cannot be trusted.
.
Additionally, I also believe that this matter is a battle that requires a passionate communicator in the Court of Public Opinion and NOT just in the Court of Law. Based on all of the above and more, that is an issue that must be addressed NOW!
.
It is the belief of many that the reason DeMaurice Smith has been dodging questions and laying low, since the apparent resolution of the CBA, is because he knows what he has done, or shall I say, has NOT DONE and he knows that he does not have the guile or knowledge to bear close scrutiny in a public forum. Check him out, he yells when he wishes to show concern for those he has no concern for and leaves, without directly answering a question, when he has no evidence to support his position. At the Santa Clara Law Symposium, when it came to the latter, that is exactly what he did.
.
When questioned by Mike Francesa (of The FAN in NYC), Smith made statements that were clearly misleading and flat out inaccurate. But Mike, at no fault of his own, trusted that Smith wouldn’t possibly state something on the air that was blatantly misleading.
.
Smith knows that he could not get away with that garbage with someone who could regurgitate the facts and law every time he uttered unsubstantiated remarks. If Smith were to appear in a debate on the issues (where he could not walk away without people knowing he was hiding something) with all the misstatements he has made, it would be like shooting fish in a barrel with a twenty-gauge shotgun with unlimited shells.
.
It is time to get behind each other as “ONE TEAM” and leave no soldier (player) behind, no matter what. Show DeMaurice Smith what the term “ONE TEAM” was meant to mean. Only a man who has fought the good fight while standing shoulder-to-shoulder with them could sense that camaraderie.
.
I did.
.
Only a man with a clear conscience would know that feeling. I guess that leaves DeMaurice Smith out.
.
I rest my case.
.
Spencer Kopf
Joe DeLamielleure-HOF
Elvin Bethea-HOF
Leroy Kelly-HOF
Lem Barney-HOF
Reggie McKenzie
Billy Joe DuPree
Fred Dean
Art Still
Isaac Curtis
Jim Breech
Jeff Yeates
Chuck Ramsey
Dermontti Dawson
Dave Pear
John V. Hogan
.
Spencer Kopf has been a licensed attorney in the state of Texas for 34 years and offers expertise in the areas of corporate law, criminal law, sports and entertainment law, civil litigation, and contract negotiations.
.
At the age of 16, Spencer attended the University of Pennsylvania as a superior high school student. He attended Oklahoma City University on an academic and debate scholarship where he earned a B.A. and his Juris Doctorate. In 1982, he was appointed to the bench as a Municipal Court Judge in Collin County, and three years later, elected by his judicial peers to serve as the president of the Texas Municipal Courts Association – the first Municipal Court Judge from North Texas to be so honored. At 35 years old, Spencer was the youngest judge to ever serve in that capacity. He was also unanimously nominated by the Supreme Court of Texas to serve on the Judicial Qualifications Review Commission.
.
He has represented more than 100 professional athletes and at one time, represented one-third of the Dallas Cowboys roster as their attorney. He has also served as a guest legal sports analyst for the Dallas Morning News.
.
.
|
Posted by
Spencer Kopf |
Categories:
CBA,
Dave Pear,
disability,
football,
NFL,
NFLPA,
Pension,
RobertinSeattle,
Spencer Kopf | Tagged:
CBA,
collective bargaining agreement,
Dallas Morning News,
Dave Pear,
disability,
Disability Benefits,
Do No Evil,
football,
Garvey Garbling Player Issues,
Gene Upshaw,
Herb Adderley,
Jeffrey Kessler,
John Hogan,
Mike Francesa,
NFL,
NFLPA,
NFLPA Executive Director DeMaurice Smith,
Players Inc.,
Players Inc. Trial,
Richard Berthelsen,
RobertinSeattle,
Spencer Kopf,
The FAN,
Tom Condon,
Tom Jackman,
Washington Post |
Over the past several days I have been asked by many, many retired NFL players to express to the CURRENT Players, the RETIRED Players, the PRESS, the MEDIA, the FANS and the GOVERNMENT, on why the time will eventually come to rid the great game of professional football, the arguably legally corrupt entity of the NFLPA and its affiliated entities and leadership team. However, NOW IS THE TIME that they should be removed from having any interest or influence over any of the monies and marketing opportunities of retired NFL Players prior to 1993. At the very, very least!
.
Based upon the most recent shenanigans employed by the Union leadership and its proven disingenuous and unreliable conduct, it is now evident and crystal clear that their legally manipulative and legally corruptible influence over a trusting group of oblivious and naïve constituents MUST COME TO AN ABRUPT AND DECISIVE END!
.
continue reading »
|
Posted by
Spencer Kopf |
Categories:
CBA,
Concussions,
Dave Pear,
disability,
football,
Guest Commentary,
history,
Independent Football Veterans,
NFL,
NFLPA,
Pension,
RobertinSeattle,
Spencer Kopf | Tagged:
Bert Bell/Pete Rozelle NFL Players Retirement Plan,
CBA,
collective bargaining agreement,
Concussions,
Dave Pear,
Do No Evil,
football,
Gene Upshaw,
Jeffrey Kessler,
NFL,
NFLPA,
NFLPA Executive Director DeMaurice Smith,
pension,
Players Inc.,
Richard Berthelsen,
RobertinSeattle,
Spencer Kopf,
Tom Condon |
EDITOR’S NOTE: 9:30 PM PST – Judy Battista’s story just posted on the New York Times – Click HERE to read this breaking story.
.
On Friday afternoon, a small group of us were informed about the details a conference call that NFL Commissioner Roger Goodell had with the attorneys and a small team of retired players from the Eller class action lawsuit. All of us were shocked to hear the news that there was an additional $500 million offered to the retirees that had gone undisclosed to them. From what we understand so far, the money would supposedly be earmarked for “charities, medical research, etc.” and then “managed” under the auspices of the PA. We’ll continue confirm and report more details as the story breaks over the next few days.
.
In the meantime, we want to talk a little about how the Internet and social networks have changed the world of communications for better and for worse. We’ve watched an entire revolution take place in Egypt with the fall of the Mubarek regime that started with social network Twitter. And that revolution continues to spread across the Middle East. But social networks like Twitter can also be used to spread gossip and misinformation. And that also seems to happen more often than people may imagine. Fortunately, there’s also a good side to that as well. Leaving a trail of crumbs behind you is not exactly a smart strategy. Take the phony story that started to circulate last week not long after several groups started to promote the Retired Football Players Declaration of Independence (and if you haven’t signed that yet, shame on you! Click HERE to add you signature to the growing list!).
.
continue reading »
|
Posted by
RobertinSeattle |
Categories:
CBA,
Dave Pear,
disability,
football,
Independent Football Veterans,
News,
NFL,
NFLPA,
Pension,
RobertinSeattle,
Roger Goodell | Tagged:
Bert Bell/Pete Rozelle NFL Players Retirement Plan,
Bleacher Report,
Carl Eller,
CBA,
CBS Sports,
Chicago Sun-Times,
collective bargaining agreement,
Concussions,
Dave Pear,
Dementia,
disability,
Disability Benefits,
Do No Evil,
football,
Jeffrey Kessler,
Judy Battista,
New York Times,
NFL,
NFL Commissioner Roger Goodell,
NFLPA,
NFLPA Executive Director DeMaurice Smith,
Nolan Harrison III,
Players Inc.,
Pro Player Insiders,
Richard Berthelsen,
RobertinSeattle,
Sean Jensen,
Tom Condon |

NFLPA Lawyers Door
It seems that the NFLPA was under the rule of lawyers for decades when departed Executive Director Gene Upshaw ran the place. We’ve covered many of the lawyers inside over the past couple of years. And current Executive Director DeMaurice Smith recently alluded to the conflict of interest posed by the Groom Law Group with regard to the players’ pension plans; they wrote the plan and they represented BOTH the NFLPA AND the NFL when it came to defending the plan. (Click HERE to see the Super Bowl announcement.)
continue reading »
|
Posted by
RobertinSeattle |
Categories:
News | Tagged:
American Needle,
Dave Pear,
Do No Evil,
Gene Upshaw,
Groom Law Group,
Jeffrey Kessler,
John Hogan,
NFL,
NFLPA,
NFLPA Executive Director DeMaurice Smith,
Richard Berthelsen,
RobertinSeattle,
Tom Condon |
In our last post – Valerie Thomas: Life Under Upshaw – former NFLPA Research Analyst and Paralegal Valerie Thomas discussed her years of abuse and violation of her employee’s rights under the heavy hand of departed Executive Director Gene Upshaw and his inner circle. Bob Grant had posted several questions to her in the comments section about the toll from her long battle with the NFLPA and how it has affected her and her family over the years. This is Part 2 of Valerie Thomas’ story.
.
continue reading »
|
Posted by
Valerie Thomas |
Categories:
News,
Valerie Thomas | Tagged:
Bill Garner,
Bob Grant,
Chip Yablonski,
Dave Pear,
Do No Evil,
Doug Allen,
EEOC,
Gene Upshaw,
George Martin,
Local 2 OPEIU,
Mary Moran,
NFLPA,
Richard Berthelsen,
RobertinSeattle,
Valerie Thomas |

Valerie Thomas
Dave,
.
Thank you for your earlier comment and for allowing me to be an active participant on your blog.
.
It’s hard to accept that a union whose efforts that you supported, including financially, would turn against you in your time of need: your post-football career.
.
I know first-hand what it feels like to be ignored and it is even more dehumanizing to have been ignored while looking in the faces of the perpetrators on a daily basis. For example, my basic needs and rights to have access to my job were denied. When I reported to work, I was locked out with no key to get in the front door and no key to access the elevator. Once on the elevator, I couldn’t get off on the floor where I worked. Instead, I could only get off on the floor below mine and had to walk up a public stairwell. During the mornings, when I had to do business on other floors I had to walk up and down the public stairwells. I could not use the elevator like everyone else, including interns and temporary employees. At lunchtime and upon my return from lunch, I had to go through the same routine with no access to my floor and walk up a public stairwell (two sets of 12 stairs = 24 steps each way). In the afternoons, if I had to do business on other floors, I had to walk up and down the public stairwells. NFLPA management and its legal representatives harassed, intimidated and retaliated against me; they dared me to protect my rights and when I did, they then cheated and stole my livelihood and my family’s legacy.
continue reading »
|
Posted by
Valerie Thomas |
Categories:
News,
Valerie Thomas | Tagged:
Bob Grant,
Dave Pear,
Do No Evil,
Gene Upshaw,
George Martin,
NFL,
NFLPA,
Richard Berthelsen,
RobertinSeattle,
Valerie Thomas |
Over the past 24 hours, we’ve certainly had a lot of discussions around the old adage “Not seeing the forest for the trees.” In the old way of controlling their spin on all stories about football, the NFL managed to keep all of the television networks and most of the major print media on very short leashes because of their broadcast rights and access to players and managers for interviews. And then the Internet came along. Despite claims of a few who proudly proclaim they invented the Internet and Facebook, this new medium has not only moved the retired football players battle to a new and level playing field; it’s in a different league altogether. Just as the past two weeks have completely caught Tiger Woods and his team of old-school PR flacks like deer in the headlights, the NFLPA and the NFL and their old media machines have been hard-pressed to catch up with a new medium that they can no longer control. The Internet doesn’t belong to anyone and it belongs to everyone.
…
continue reading »
|
Posted by
RobertinSeattle |
Categories:
Bernie Parrish,
News,
Robert's Post | Tagged:
Bernard Parrish,
Bernard Parrish et al vs National Football League Players Inc. et al,
Bernie Parrish,
Bob Grant,
Bruce Laird,
Commissioner Roger Goodell,
Congress,
Dave Pear,
Do No Evil,
Fourth & Goal,
George Martin,
Herb Adderley,
Jeff Nixon,
Jeffrey Kessler,
Manatt Phelps,
NFLPA,
NFLPA Executive Director DeMaurice Smith,
Players Inc.,
Richard Berthelsen,
RobertinSeattle,
Ron Katz,
Valerie Thomas,
Walter Roberts |
The Parrish vs. Players Inc. lawsuit presented an interesting conundrum for the NFLPA under Gene Upshaw; here they were, being sued by their own membership for not paying them royalties due after years of revenues generated from video games and trading cards and other licensed items. Yet they couldn’t allow themselves to notify their retired members that they were part of a class action against… them?!! Keep in mind that this was Upshaw’s NFLPA. It didn’t take long for new Executive Director DeMaurice Smith to quickly void Berthelsen and Kessler’s tired old arguments for another appeal and move the process to the settlement that’s close to being distributed today. Do we have to remind anyone that if Gene Upshaw was still around, retired players would still be looking at another 3 – 5 years of appeals with no end in sight? (Actually, it appears that Yes – We DO Have to Remind Some People.) And all this happened within the first few months of change in the front office.
…
continue reading »
|
Posted by
RobertinSeattle |
Categories:
News | Tagged:
accept no substitutes,
Dave Pear,
Do No Evil,
Gene Upshaw,
GLA,
GLA class action settlement,
Jeffrey Kessler,
NFLPA,
NFLPA Executive Director DeMaurice Smith,
Players Inc.,
Richard Berthelsen,
RobertinSeattle,
Ron Katz |
On November 23, 2009, in San Francisco, California, Federal District Court Judge William Alsup rendered a blistering set of three orders approving the settlement agreement in Parrish & Adderley vs. NFLPA Players Inc. However, in rendering the orders, Judge Alsup said of the award of attorneys’ fees, “When combined with the expense reimbursement below, counsel is receiving approximately 25 percent of the value of the settlement. This figure adequately compensates counsel for the work performed in this action. A reasonable fee in light of the ultimate recovery obtained for the class, and is reasonable in light of the missed opportunity for an even higher recovery.”
—
continue reading »
|
Posted by
Guest |
Categories:
Bernie Parrish,
News | Tagged:
Bernie Parrish,
Dave Pear,
Do No Evil,
Federal District Court,
GLA,
Herb Adderley,
Jeffrey Kessler,
Judge William Alsup,
Kelly Skubick,
Manatt Phelps & Phillips,
McKool Smith,
NFLPA,
Players Inc.,
Richard Berthelsen,
RobertinSeattle,
Ron Katz,
Walter Roberts |
For the first time, the NFL and the NFLPA extended an invitation to “The Independent Retired Players” to attend and participate in a meeting called to discuss the problems that continue to plague Retirees. Bob Grant, an Independent Activist and Advocate for our cause, was asked to attend on behalf of the Retired Players.
…………
continue reading »
|
Posted by
Admin |
Categories:
News | Tagged:
Bob Grant,
Commissioner Roger Goodell,
Dave Pear,
DeMaurice Smith,
Do No Evil,
Frank Krauser,
Gene Upshaw,
Harold Henderson,
LM-2,
NFL,
NFLPA,
Richard Berthelsen,
The University of Michigan Study,
US Dept. of Labor |

It just finally really sank in that Gene Upshaw’s widow was apparently paid a $14 million lump sum directly out of the NFLPA’s bank account when he passed on to a new life (!). As a businessman, I started wondering why that money was paid directly out of the NFLPA’s coffers and not by an insurance policy that they should have had in place for a key employee like most normal businesses usually have? With any of the businesses I’ve started over the years, my investors typically sleep better knowing that there’s an insurance policy on my life to allow the Company to replace me as CEO in case something happens to me. And I also typically negotiate a separate policy that will provide for my family as part of the package. This happens in businesses across the country every day, regardless of whether they’re privately held or public companies. This is common business practice and I doubt if even Jack Welch, former CEO of GE, would argue with that. continue reading »