IGetItAlready
Rookie
- Jul 27, 2012
- 1,264
- 154
- 0
- Banned
- #1
Fearing Their Imports Would Be Ceased.
Gibson Settles...Feds Return Wood
This is a bunch of bullshit over Gibson importing Rosewood from India that the feds had at first said was required to be been made into finished finger boards in India rather than being imported raw for American workers to finish.
The feds busted into 3 Gibson factories with guns drawn, confiscated computer HDs and guitars and materials from the shops and when it's all said and done the feds admit there was nothing wrong with the Rosewood being imported the way Gibson had imported it, agreed to return the wood but charge the company a total of $350k in the settlement...which is on top of the $2.5 million the company has so far paid in fighting the feds.
Nearly $3 million that this one, great American company will now NOT be using to create jobs or expand operations.
Gibson Settles...Feds Return Wood
The alternative was pretty onerous, he said. We would have had to have gone to trial and we would have been precluded from buying wood from our major source country. For the ability to carry on with the business and remove this onerous Sword of Damocles, if you will, we feel this is about as good a settlement as we can get.
This is a bunch of bullshit over Gibson importing Rosewood from India that the feds had at first said was required to be been made into finished finger boards in India rather than being imported raw for American workers to finish.
The feds busted into 3 Gibson factories with guns drawn, confiscated computer HDs and guitars and materials from the shops and when it's all said and done the feds admit there was nothing wrong with the Rosewood being imported the way Gibson had imported it, agreed to return the wood but charge the company a total of $350k in the settlement...which is on top of the $2.5 million the company has so far paid in fighting the feds.
Nearly $3 million that this one, great American company will now NOT be using to create jobs or expand operations.