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Forum topic by 8iowa posted 07-27-2010 04:20 PM 1366 views 0 times favorited 14 replies Add to Favorites Watch
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8iowa

1489 posts in 2414 days


07-27-2010 04:20 PM

Family problems create personnel and operational consternation.

http://www.vcstar.com/news/2010/jul/19/harbor-freight-ceo-accused-by-parents-of-looting/

-- "Heaven is North of the Bridge"


14 replies so far

View dustbunny's profile

dustbunny

1149 posts in 1948 days


#1 posted 07-27-2010 05:43 PM

Talk about greed,
that’s unforgivable in my opinion.
Hope Allan is rewarded appropriately.
Thanks for posting,

Lisa

-- Imagination rules the world. ~ Napoleon Bonaparte ~ http://quiltedwood.com

View Joseph Crivelli's profile

Joseph Crivelli

44 posts in 1904 days


#2 posted 07-27-2010 06:07 PM

That is a really terrible situation.
In the late 70’s, I would receive phonecalls from a nice man at HF. That may have been Allen.
I bought many good products from them. I still have and use most of them.

-- SOLTC

View poopiekat's profile

poopiekat

3627 posts in 2387 days


#3 posted 07-27-2010 06:10 PM

Moral of the story? When you’re foisting crap tools upon a trusting public for 40+ years…expect something bad to happen.

-- Einstein: "The intuitive mind is a sacred gift, and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift." I'm Poopiekat!!

View Knothead62's profile

Knothead62

2364 posts in 1614 days


#4 posted 07-27-2010 11:19 PM

Now you know why some animals eat their young.

View Shopsmithtom's profile

Shopsmithtom

780 posts in 2847 days


#5 posted 07-27-2010 11:31 PM

One thing is certain…the lawyers will make money.
By the way, in reference to the “crap tools” remark above, the stuff I’ve bought at HF over the years has been worth the money. I can’t complain. -SST

-- Accuracy is not in your power tool, it's in you

View jim C's profile

jim C

1452 posts in 1751 days


#6 posted 07-28-2010 01:08 AM

This story reminds me of a similar situation involving “Barefoot Windjammer Cruises” in the Caribbean. The old man busted his butt starting in 1968 and ended up with 6 ships and plenty of business. In and around 2002 the kids took over and looted the company of cash flow.
The company is now defunct.
Some kids need their knees broken to learn a lesson.

Poopiekat, Some people can’t afford the high ticket items and HF is a great source for those who love to work with tools but are on a limited budget. HF is there so everyone, can have tools for their hobby or work and live their dreams. You need to back off.

-- When I was a boy, I was told "anyone can be President", now I'm beginning to believe it!

View NBeener's profile

NBeener

4806 posts in 1827 days


#7 posted 07-28-2010 01:11 AM

The love of money—they say—is the root of all evil.

I’ve bought a fair bit of stuff at HF, over the years (some great; some junk). I wonder if I get a fractional interest in the Beverly Hills or Manhattan mansions, or … a few hours alone with the Warhol painting ?

Hmm. Seems fair.

-- -- Neil

View ajosephg's profile

ajosephg

1852 posts in 2214 days


#8 posted 07-28-2010 01:53 AM

Irrespective of what anyone thinks of their products, it’s a sad thing. However, dad should have known better. I doubt that he is going to go on food stamps.

-- Joe

View NBeener's profile

NBeener

4806 posts in 1827 days


#9 posted 07-28-2010 02:07 AM

However, dad should have known better.

I’ve known more than a few decent parents … with … INdecent kids.

Denial … is what helps the parents stay sane ;-)

-- -- Neil

View JasonWagner's profile

JasonWagner

523 posts in 1832 days


#10 posted 07-28-2010 02:11 AM

I think that when people buy something at HF they know what they’re investing in. Maybe it’s a large vise smeared in cosmoline and poorly cast but you can beat the crap out of it and not care, maybe it’s a dovetail jig that you know you’ll use less than once a year and so when you do you can deal with a little tweaking and frustration, maybe it’s a drill press that’s made by the same Chinese companies that make Jet, Ridgid, etc… I don’t need a great angle grinder or biscuit jointer or tow chain…HF fits the bill. Some people on here like to say you get what you pay for but sometimes what you pay for is enough for “you”.

-- some day I hope to have enough clamps to need a clamp cart!

View Rustic's profile

Rustic

3134 posts in 2249 days


#11 posted 07-28-2010 02:23 AM

wow

-- www.carvingandturningsbyrick.com, Rick Kruse, Grand Rapids, MI

View Karson's profile

Karson

34876 posts in 3053 days


#12 posted 07-28-2010 04:58 AM

Thanks for the heads\ up

-- I've been blessed with a father who liked to tinker in wood, and a wife who lets me tinker in wood. Southern Delaware karson_morrison@bigfoot.com †

View TopamaxSurvivor's profile

TopamaxSurvivor

14742 posts in 2328 days


#13 posted 07-28-2010 05:18 AM

SAd day for the old man!! Story brings back too many memories of my uncle stealing my grandparents farm and putting them out of their house:-(

-- "some old things are lovely, warm still with life ... of the forgotten men who made them." - D.H. Lawrence

View Orion's profile

Orion

15 posts in 1743 days


#14 posted 07-28-2010 05:17 PM

Wow! Leveraging a company to grow, IE borrowing to grow the business, can be a good (but risky) move. It can be successful and pay off of course. Timing, skill, and luck are everything. Leveraging in say, June 2008, would be terrible timing. Once you owe, you lose control and get stuck in a spiral of debt payments.

Leveraging company money to buy yourself toys is absurd. Legal, but absurd and immoral IMHO. The employer owes it to their staff, customers, and vendors, to use company money for the business.

-- Horton Brasses Inc, makers of fine reproduction brass and iron hardware

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