Re: Wall Street Journal on Jr. and DEI
- From: "RickyBobby" <nascar42@xxxxxxx>
- Date: Wed, 16 May 2007 20:46:57 -0700
<barchdan@xxxxxxxxxxx> wrote in message
news:1179370181.772963.102000@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
http://opinionjournal.com/columnists/hjenkins/?id=110010081
I'm not sure if non-subscribers can see this. Here is a portion...
"One consequence of the elder Earnhardt's death was that his wife, the
estimable Teresa, inherited his business, while Dale Jr. was lofted to
such heights of marketability and fan adoration that it became
impossible to equitably contain his value in a structure in which he
was an employee of his stepmother. He asked for 51% of the company in
return for re-upping--a semi-hostile takeover--and was turned down
last week. As fellow driver Tony Stewart put it, without Dale Jr., his
stepmother's company is "a museum."
After the crash that killed Senior, his wife devoted her management
energies to cultivating the Dale Earnhardt legacy, and her connection
to it. But she hasn't been the hands-on team owner required for
success on the competitive Nascar circuit. Think Rick Hendrick, Jack
Roush or Joe Gibbs. That's not Teresa, two of whose key employees
publicly complained: "If she's going to spend four or five weeks
straight on that boat of hers, she's going to have to let us run the
company."
At 32, Dale Earnhardt Jr. is a skilled racer and fabulously popular
with fans and sponsors. But he's never won a championship and is in
danger of becoming one of those drivers who stay around because of
their popularity and marketing value but don't win and are no longer
expected to win."
Teresa Earnhardt is her own boss and does as she pleases. It must suck to
be jealous and envious of other people who have nothing to do with you.
.
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