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Phillips auction Speedmaster - a 3.000.000-fake?

texasmade
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pdxleaf pdxleaf
This is where I'm at. Much of the conjection seems to be based on a small run company. I know next to nothing about how Omega is run. Having acknowledged that, I would think that it's more like a typical corporation. There are often 2 or 3 layers of management between workers and execs. There are risk committees, strategy committees, finance, all kinds of scorecards, internal audit, etc... It's really hard to understand how this happened. There was a major failure in their governance. Plus they answer to Swatch. We haven't heard from Swatch, but I can't imagine there haven't been a lot of meetings over this at HQ. At the same time, it is hard to comprehend how a whole group of management at Omega collaborated together on a scheme like this. What company can keep a secret like this? Surely there would be some people who would stand up and say this is nuts. It's easier for me to think there were a couple close knit guys who had insufficient oversight.

But that's the thing about these stories, truth is stranger than fiction. It's hard not to wonder what kind of management could allow this to happen, either as an active participant or a very sloppy governance.
Exactly. I don’t believe Omega to be some small family business. They’re owned by a publicly traded corporation. I’m more inclined to believe that this was poor governance on Omega’s part vs some large company wide conspiracy. Poor governance happens at every big company eventually.
 
STANDY
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texasmade texasmade
I’m not an expert on European labor laws, but I don’t think Omega can just fire everyone that quickly. Even in texas which is an at will state, you can’t just fire ppl that quickly. There has to be documentation, investigation, HR, legal, etc done before firing someone. Most of Europe has even stronger labor laws than Texas, so I’m going to guess Omega couldn’t just ax everyone that quickly.

When it comes to theft, fraud or corruption it’s usually a few guys in suits when you come in standing at your desk, and an escort to your locker being the only activity for the day. Which follows with a walk to the front door with a box. 😗
 
JimInOz
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STANDY STANDY
When it comes to theft, fraud or corruption it’s usually a few guys in suits when you come in standing at your desk, and an escort to your locker being the only activity for the day. Which follows with a walk to the front door with a box. 😗

In my last place of employment there were a couple of cases where the person didn't even get to have morning tea.
A couple of security guards helped one pack his box while an IT guy took over his computer. He was then escorted to the entry foyer where he was met by stern looking men in suits who then took over "escort duties".

All done and dusted in less than an hour. No doubt there was HR paperwork to follow up, but employment essentially ended when they went out the front door.

It pays to read your employment contract very very well.
 
Fallout Boy
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Pastorbottle Pastorbottle
Well until more actual facts are known all this is now pointless speculation.
Investigations must now be free to proceed unfettered by public speculation from those who aren’t witnesses to the case and justice must then take it’s course.
Comment on further developments as they emerge, maybe of some merit, such as in witticisms and the sharing of new details surrounding the case, may have a point, but endless ploughing up the same old bit of dirt is now well and truly redundant and unproductive.
That isn’t to say some public pressure isn’t warranted, it is, as it helps to prevent a quick sweeping of the muck under the carpet, but too much pressure will only clog the gears of justice.

A judge now needs independent experts.

Who is that supposed to be?

Jose and his knowledge is probably not invited....
Edited:
 
cristos71
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STANDY STANDY
When it comes to theft, fraud or corruption it’s usually a few guys in suits when you come in standing at your desk, and an escort to your locker being the only activity for the day. Which follows with a walk to the front door with a box. 😗

Tell us more! 😁
 
GordonL
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Here in the UK, there are a small number of offences which can result in summary dismissal - theft, fraud, assault etc. In those situations, you are indeed marched to the door by security personnel and that's that.
 
P
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GordonL GordonL
Here in the UK, there are a small number of offences which can result in summary dismissal - theft, fraud, assault etc. In those situations, you are indeed marched to the door by security personnel and that's that.
Still it need to be proven to make it formal. Rumours were that HoM was fired/left just the week after the auction. I suspect the other two are suspended too pending investigation.
 
Pastorbottle
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watchyouwant watchyouwant
Independent Experts? Look no further. They are all on this Forum !
Everyone sit by your phone and patiently wait……. They’re sure to call you soon for your insights about this case.
::stirthepot::😁
 
GordonL
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P PerJ
Still it need to be proven to make it formal. Rumours were that HoM was fired/left just the week after the auction. I suspect the other two are suspended too pending investigation.
Of course , I didn't mean to imply that there was no formal/follow up paperwork. Just that there are certain types of transgression where instant dismissal is possible. I have seen it happen here in the UK. (And it left me with a serious hole in my mechanical engineering team!).
 
tyrantlizardrex
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P PerJ
Still it need to be proven to make it formal. Rumours were that HoM was fired/left just the week after the auction. I suspect the other two are suspended to pending investigation.

I’m not sure where these rumours stem from, but they’re not true.
 
P
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tyrantlizardrex tyrantlizardrex
I’m not sure where these rumours stem from, but they’re not true.
No? So HoM didn’t leave shortly after the auction? Is he then still operationally working? Or when did he leave/get suspended?
Edited:
 
tyrantlizardrex
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P PerJ
No? So HoM didn’t leave shortly after the auction? Is he then still operationally working? Or when did he leave/get suspended?

No he did not.

The auction was in November 2021.

He resigned more recently than that.
 
P
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tyrantlizardrex tyrantlizardrex
No he did not.

The auction was in November 2021.

He resigned more recently than that.
Ok. Talk of the town was at least as I recall close to the auction. Since he still has his out of office enabled on his email I would assume he hasn’t resigned. More likely on leave or suspended. Something I would believe goes for the other two employees as well pending investigation.
 
watchyouwant
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P PerJ
Ok. Talk of the town was at least as I recall close to the auction. Since he still has his out of office enabled on his email I would assume he hasn’t resigned. More likely on leave or suspended. Something I would believe goes for the other two employees as well pending investigation.

" Rumours, Talk of the Town " ..... All assumptions. Just wait for the facts. Why is that so interesting now? The Auction was 18 months ago....
 
M'Bob
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watchyouwant watchyouwant
" Rumours, Talk of the Town " ..... All assumptions. Just wait for the facts. Why is that so interesting now? The Auction was 18 months ago....

I agree with this but the reality is that the “facts” will likely never be known. There’s too much at stake here for the respective companies not to use their well-oiled PR machines to tweak this so the perception is that either the company was unaware of the nefarious actions of their employees, “who have now been terminated because we do not tolerate this kind of behavior here,” and some of those either wholly or peripherally involved/responsible will certainly be scapegoated.
 
STANDY
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cristos71 cristos71
Tell us more! 😁

Seen it 😉
Sales rep for Rothmans. Few tempted by the $$ in the day. 😗
You always knew what was going on but usually never knew who until they pounced. Funny as the lucky candidate never made it to their desk, it was always like a cut them off at the pass type thing… 😁
(Did score a good Territory after one of the said incidents - Northern Beaches Sydney)
 
P
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watchyouwant watchyouwant
" Rumours, Talk of the Town " ..... All assumptions. Just wait for the facts. Why is that so interesting now? The Auction was 18 months ago....
The point was that they are all gone. Does it matter if it happened late 2021 or during 2022? It doesn’t matter either if they resigned, got fired or got suspended. They are not working now and that means something.

I just replied to those talking about how people usually get separated from their positions in case of theft, fraud etc.

Facts we know is that Omega sued three employees. And it is pretty clear who these three are.
 
tyrantlizardrex
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There are three sides to every story - your side, their side, and the truth.

So far we have only heard (some) of Omegas side of the story.

So talk of “facts” should probably be a bit more measured.
 
P
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tyrantlizardrex tyrantlizardrex
There are three sides to every story - your side, their side, and the truth.

So far we have only heard (some) of Omegas side of the story.

So talk of “facts” should probably be a bit more measured.
Fact is that they are sued. That doesn’t mean they are guilty or not guilty. The law suit is very much real.

We must be able to discuss around that. Especially as media already written articles about it. I think we were all surprised and perhaps a bit sad to see this. Especially those that may have a personal connection to them.
Edited:
 
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