RIP Golden Boy Promotions....

You guys think schaeffer and these other guys are one in a million people. They'll be replaced by someone just as competent. I can't believe the executive dick sucking on here.

 

I believe Lou DiBella would be a natural in this position.A Harvard Law School graduate,a TV Executive formerly with HBO and now a promoter and marketing dude.:good

 

It's not always that simple. Some guys are that special, others are not. Think Dame Dash and Jay-Z if you're familiar with the Hip-Hop world. They had an incredible business. Jay-Z leaves Dame after getting fed up with the bull****, and goes on to be successful, Dame said Jay was replaceable. Failed miserably. And is now broke.

Its the same situation too. Dame was having the fun, Jay was putting in the work and staying business minded.

Jay-Z is worth 600 million today.
Dame Dash is worth -2 Million.

 

the world of hip hop "executives" compared to real business is night and day. In the business world there are tons of competent people. The world of rap is full of lazy, former dope dealers, who thought they could hack it in the business world. They can't. This coming from someone who used to be in it but bounced because its so unprofessional.

 

Shake ups happen at companies.

There will be an adjustment period and Golden Boy might stumble getting their feet underneath them, but they'll adjust.

Time will tell if Schaeffer was the lynchpin that kept the company profitable, my guess is he's not. He didn't really seem to do anything revolutionary and game changing whilst he was there (feel free to correct me if I'm wrong) so someone can probably replicate the model he created.

 

Are you saying that Jay-Z, and Dame owning Rocafella Records And Rocawear, which was sold for 204 MILLION DOLLARS is "INCOMPETENT''. I dont even know what to say to that.

Former Dope Dealer or not, apparently he did HACK into the business world. 600 mill is 600 mill.

This coming from a second year business major myself.

 

You the only one that saying that one in a million **** and talking about sucking dicks. That sounds like a personal problem and you can keep that to yourself.

 

All anyone talks on this forum is dicks. None of these cats is getting p u s s y i guess.

 

Hey Guys, I apologize in advance for the length of the article I wrote below. I like getting my head into these type of political things and find writing things down helps organize my thoughts. So if you want to read the whole thing go for it. Just think of this as a more theoretical rather then literal explanation of what I think is going on at GBP these days. On the ground it probably looks more complicated then that.

What I think is really going on a GBP:

I don't believe that Richard Schafer leaving GBP had anything to do with ending a cold war. I will eat humble pie if all of a sudden the cold war comes to a crashing halt. And I'll be the first guy to eat humble pie again if it happens but I highly DOUBT that Schafer is secretly planning on starting a new company with Al Hayemen. I think that structurally there are too many differences between Top Rank and Golden Boy Promotions to really make for serious meaningful cooperation...And that isn't even figuring the network side of things. Oscar and Arum might have their eyes on a few money making fights here and there but ultimately Oscar`s goal and vision for golden boy has always been to become a UFC type monopoly for bigtime boxing in the US. He's stated this on many occasions. A stint in rehab and a couple of press releases haven't changed this one bit.

It may have appeared that the cold war was the main issue in Schafer`s release; however, I believe schafer's firing/quiting had more to do with two things. The first is Schafer having too close of a business relationship with Al Hayemen and in so doing allowing Hayemen fighters to operate on fight by fight contracts with Hayemen, fighting as Hayeman fighters on GBP promoted shows. What his motivation for doing this is, I am not sure. Perhaps he thought this type of arrangement was more attractive to fighters and provided an incentive for these fighters to do business with GBP. I don't buy the idea that this some how means that he was secretly planning on starting his own promotions company. Why would he do that if in this middle of this whole scenario he signed an extension to his contract that ties him to GBP until 2018. This means that if he actually wants to be a promoter of a new Hayeman/Schafer company he'd have to wait until 2019 before he could start this operation. GBP has already stated that despite the "resignation" he still has a contract with GBP until 2018 and if he tries to work elsewhere in boxing they'll enforce it by law. Any top CEO has a good non-compete on his contract and right now it looks like Schafer does as well. Thus it doesn't make sense to me that he'd be dumb enough to subvert his own employer for someone else's benefit. That just doesn't add up. I think part of what happened here was that Oscar has more of a Dana White/UFC (U Fight for Cheap) type idea about how his company should treat fighters and wants his company to establish itself as a monopoly in boxing. Schafer probably felt the need to make concessions with Al Hayemen fighters in order to maintain a relationship with Floyd. Apparently Oscar is willing to accept the loss of Floyd as collateral for his vision of what the company should be (whatever that vision actually is).

The second reason that I think Schafer got let go, and perhaps a stronger reason for the engineering of Schafer's exit (because I believe it was a well-orchestrated affair), is I believe much more Machiavellian. If you've read the prince or studied politics in any way you'll know that the rise of internal rival power structures/bases is something that leaders always have to be aware of. If an individual is brought to power by another entity (person or power base) or has to rely on another entity/person or power structure to maintain power that person must eventually establish their own power base and replace the original entity that they relied on. This inevitably leads to conflict between the two rival groups (the leader and the power structure they formerly relied on). I know that idea seems complicated and might even sound farfetched. But imagine this: you’re the head owner and the main marketed face of an industry leading company. You have ambitions for the company to be even bigger then it is and you see yourself as one day being the most powerful person in your industry; with your company being a near monopoly. You don`t have the business skills to run the day to day operations of the company. You need other people to do that for you. Your main value to the company is that you are famous and your name and face gives the company credibility in the industry. You put up most of the money for the company so technically you're the boss but it takes more than money to make a successful company. You need investors with connections to TV networks, media outlets and promotional bodies that run your industry. Your position as head of this company is therefore not as strong as the 61% ownership on paper that it appears. Add to that, you've just gone through a period where you've had to give up almost all involvement in the actual running of the company. None of the majour discussions required your input and your face wasn't the lead face at the majour events your company put on. There is now a group of people that is used to working together without you and following instructions from another individual. Its a base that can be mobilized against you. To make matters worse your value to the company is less because your personal reputation is not as strong as it used to be and another individual has shown that he can be the face of the company. Essentially what I'm saying is that in an abstract sense Schafer was both the head of an internal social-professional system that could potentially challenge Oscar's control of the company and Schafer himself by being the CEO of the company decreased Oscar's importance and value to the company. In order to maintain his position Oscar therefore had to both marginalize Schafer's role and importance to the company and at the same time disrupt/disassemble the social-professional structure that could subvert his position as controlling entity of the company. Think back to the God Father Part II, at the end of the movie when Michael comes back, whose the first to get moved out? Tom Higgins. The guy he put in charge while he was away. Why'd he do this? I've just explained it to you. Oscar is a fighter and a natural born competitor. He's been taught to lean into conflict not to back down from challenges. In re-establishing himself as the top dog in the company him and Schafer came into conflict. My guess is that this started to happen long before the cracks in the media began to show. Schafer's fate was sealed once they did. My guess is that Oscar probably didn't like Schafer giving good deals to Hayemen fighters but this and the relationship with top rank were more chosen battle fields then the actual war. I'd be willing to bet that Oscar mends the fences with Floyd and Al Hayemen takes slightly worse deals for his fighters (but not by much) and that Top Rank and GBP collaborate on a couple of token fights. As for these token nobodies that have left, they probably got shown the door cause they didn`t kiss the ring soon enough after Schafer got ousted.

Overall the main change in the status quo that will come of all this is that Oscar is back to being the top cheese at GBP.

 

Yous one observant mofo:think Interesting pick-up:good

 

I don't have time to reply to this because I'm about to drive, but I wanted to say that was a nice theory and a beautiful soliloquy to explain the theory. Very well written, Really good stuff. I don't agree with all of it, but it was very well written and I'll reply ASAP.

 

If Scheafer didn't do it, then I would like to know who did. It's my understanding that the CEO of a company is the one who lays out the course and the direction of the company. He is the driving force. All senior management reports to him as well as HR.

 

Thanks man:good Glad you liked what I wrote. I know its not a prefect explanation but its at least a more rational way of thinking about this whole thing then pretending there's some real life soap opera going on at a multi-million dollar trans-national corporation. If you have a business back ground I'd be interested to hear your take on things. I'll keep an eye on the forum. Reply whenever you can.

 

Did I say that Schaeffer wasn't a part of the GBP's success? No, what I said was that he didn't revolutionize the game of boxing promotion and therefore I don't think he's such a unique visionary that he can't be replaced.

I also said that I think GBP might have some readjustment 'stumbles' under the new CEO but I believe they'll find their footing again.

 

Richard Schaeffer has been promoted to Christ-like-figure status by *****s on here.