4thandinches
Enthusiast
Silver Level
By "boycotted" you mean hiding like a coward from the angry Full Tilt mob.
dmorris68
Legend
Loyaler
Actually no, I'd say you're way off base about Ivey. He had no controlling interest (or rather, interest in controlling) anything at all that went on at FT. That's one thing HL said you can believe, that Ivey could never be reached and resigned from the board for the simple reason he wanted nothing to do with running the company. I think it's pretty clear he had zero visibility into what was going on until everyone else did, and he responded pretty harshly against FT. Not to say his response wasn't in some ways self-preserving, but in that situation I probably would be too.
You can't lay any of this at anyone's feet other than the executives and board members who saw -- or were in a position to see but didn't bother -- what was going on and chose to continue lining their pockets. Bitar & Co are without doubt the most guilty. I can't quite make up my mind as to the degree of culpability of HL and CF, but I think it clear they bear some responsibility if not guilt. As to the rest of the owners/TeamFT, I don't believe they had any idea. That would include Ivey.
4thandinches
Enthusiast
Silver Level
Excellent!
4thandinches
Enthusiast
Silver Level
I agree that the others you mentioned were MUCH more culpable, but in the public's eye, Ivey was the face of Full Tilt whether he wanted to admit it or not.
Leo 50
Legend
Silver Level
After watching the interviews and watching Lederer’s squirm during a lot of the questions
(although most of them seemed to be softball questions)
I wonder if they would get that FBI guy to analyze his body language.
(although most of them seemed to be softball questions)
I wonder if they would get that FBI guy to analyze his body language.
JOEBOB69
Cardschat Elite
Silver Level
The Two plus Two Pokercast episode 239 was so much better than the poker news interview.If you haven't listened to it i would recommend it.
http://pokercast.twoplustwo.com/
http://pokercast.twoplustwo.com/
dmorris68
Legend
Loyaler
I'm still catching up on PokerCast episodes -- I started like 2 years ago listening from episode #1 and have been somewhat anal about listening to them in order without skipping any (a bit eccentric I know, but I am what I am). I'm now less than a year behind (up to #190 or so). But I think I might make an exception and listen to this one now. Where I'm up to is a few months past BF after FT has been shutdown by Alderney, nothing is being communicated, initial deals (like the Binion deal) have fallen through, and everyone is highly pissed off. MJ & Adam are to the point of all but calling HL a crook, so it will be interesting to fast-forward and hear how they treat HL in this interview.
LarkMarlow
Legend
Silver Level
And finally, there's this: The Distortion of Truth in the Lederer Files
http://diamondflushpoker.com/2012/10/the-distortion-of-truth-in-the-lederer-files/
http://diamondflushpoker.com/2012/10/the-distortion-of-truth-in-the-lederer-files/
Poker Orifice
And Still...
Platinum Level
And what exactly was he going to do? Who was he going to give the $5mil to? Did he give it up? Did he even pitch it in (or anything in) when it was requested of him?
I'm not knocking Dwan but I think you'd be more informed if you also listened to the Pokercast broadcast (will shed some light on other stuff you've been saying as well).
duggs
Killing me softly
Silver Level
cliffs please
JOEBOB69
Cardschat Elite
Silver Level
Biggest news was to me...
Howard said RB paid himself a 200k monthly salary through Pocket Kings even when Full Tilt was closeing in on haveing 0 money.Howard tried to talk him into not taking anything,RB replied he didn't work for free.CF and HL agreed on a 70k salary even though HL said he knew it would crush his on PR. Then RB said **** it and paid his self 200k.
No one got fired for this major **** up!!!! HL said he thought firing RB would lessen the chances of getting players money back. Reason was because all the licences for the company was in RB name.
He begged all the owners for $$$ to keep the company a float until they found a buyer for the company.No one gave a dime including HL(hahaha) the only one that said he would was Tom Dwan but the poker stars deal came through before they need the $ to keep the lights on for another month.
I would just say listen to the whole podcast,there is a ton of stuff in there.
Debi
Forum Admin
Administrator
trucker103
Legend
Silver Level
i hope it has SOB !
OzExorcist
Broomcorn's uncle
Bronze Level
So... if Michelin sold a batch of faulty tyres, you'd suggest we lynch the Michelin Man? Do we blame the sports stars on the front of the Wheaties packet if the cereal inside is bad?
The public is very capable of telling the difference between a marketing figurehead and someone who makes actual decisions.
I think it's obvious to even the most casual observer that Ivey's role with the company was purely a marketing/promotional one. He really did no more (and truth be told, he probably did less) in that role than others like Gus Hansen, Patrik Antonius, Mike Matusow and Tom Dwan.
I'm not passing any judgements here on his actions post-Black Friday. I'm just saying that it's not really fair to hold him to a different standard than the other top-tier sponsored pros on the site.
deucem
Rock Star
Silver Level
I have only watched the 1st part but have this so far.....
1) HL contradicts himself when he says that a two thirds majority vote by stakeholders was required before a board member could be fired. When pressed and under pressure during a question 10 minutes later he says "the coalition of the forces who where unhappy" only required an easier 51% majority.......So which was it??
2) Ray Bitar - "inexperienced, not very well educated with no leadership aura who was basically illiterate" - The coalition of the unhappy.
3) $443,860,529.89 distributed between April 2007 - BF because "the company had 20 - 30 million dollars in cash that it didn't need.":flybye: :flybye: :flybye: :flybye:
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Bowman26
Rock Star
Silver Level
He is squirming like a night crawler worm bring put on a fishing hook! Face it no one is ever going to tell the whole truth as they will likely have to take responsibility for it if that every happened. How do these people get to play live poker anymore without everyone bashing them relentlessly?
