jesse g Posted September 4, 2021 Share Posted September 4, 2021 Will things be the same at Sweetwater?? Posted: Aug 6, 2021 / 06:09 PM EDT / Updated: Aug 7, 2021 / 12:38 PM EDT FORT WAYNE, Ind. (WANE) – The founder and CEO of Sweetwater Sound has announced that he is “stepping up” from his role. In a letter to employees that was sent out two weeks ago, Chuck Surack announced that he is transitioning from his role as CEO and into the role of Chairman of the Sweetwater Board. Chuck Surack This comes just weeks after Sweetwater said that a firm out of Providence, Rhode Island is investing in the company. On Friday, Surack confirmed that Providence Equity Partners will now be the majority owner. Link to comment Share on other sites More sharing options...
Byron Dickens Posted September 4, 2021 Share Posted September 4, 2021 I don't know but if I was working there, I'd be dusting off my resume.... 1 Link to comment Share on other sites More sharing options...
Shane_B. Posted September 4, 2021 Share Posted September 4, 2021 (edited) They just opened a massive storefront at their headquarters in Indiana. You can try any guitar amp or anything they have in stock. Everything you see online you can pick up there or try first. I don't think they are going anywhere. But who knows. https://www.sweetwater.com/local/music-store/ Edited September 4, 2021 by Shane_B. Link to comment Share on other sites More sharing options...
CoveCamper Posted September 4, 2021 Share Posted September 4, 2021 Deja Vu!!! I was actually in the Sweetwater parking lot last week. Finished my job in Fort Wayne early around 10 AM and figured I would check it out before tackling the four hour ride home. Stepped out of the vehicle and the phone rang, the boss with another job to do before going home. Oh well, I work up there about four or five times a year so I will make it sometime. I've only been using Sweetwater a few years and like them so far, hope they stay the same. 1 Link to comment Share on other sites More sharing options...
slartabartfast Posted September 4, 2021 Share Posted September 4, 2021 16 hours ago, bdickens said: I don't know but if I was working there, I'd be dusting off my resume.... The usual pattern for private equity is to cannibalize the acquisition for its assets and move on. My impression is that there is quite a bit of salable real estate in the company, so given the direction of retail sales in the past couple of decades it might make sense to divest from that at a quick profit, and with it the cost center of local employees and move all the merch online. None of that would be contradictory to opening a showroom at company headquarters, at least in the short run. In the long run, that function can be performed by any surviving brick and mortar instrument stores. Try it out at one of those stores with higher prices due to higher costs and then order online cheaper. Of course this assumes the private equity boys can sell it all to Amazon before even that model falls apart. Link to comment Share on other sites More sharing options...
Byron Dickens Posted September 4, 2021 Share Posted September 4, 2021 (edited) Yep. And even if they don't pillage and loot all the value and then burn the what's left, they'll still ruin the company for everyone working there. Edited September 4, 2021 by bdickens Link to comment Share on other sites More sharing options...
Shane_B. Posted September 5, 2021 Share Posted September 5, 2021 2 hours ago, bdickens said: Yep. And even if they don't pillage and loot all the value and then burn the what's left, they'll still ruin the company for everyone working there. Man. Somebody got up on the wrong side of the apocalypse this morning. 😁 Link to comment Share on other sites More sharing options...
Byron Dickens Posted September 5, 2021 Share Posted September 5, 2021 I've been there & seen it happen. Link to comment Share on other sites More sharing options...
craigb Posted September 5, 2021 Share Posted September 5, 2021 "C'mon! YouTube doesn't censor videos!!!" 55 minutes ago, bdickens said: I've been there & seen it happen. 😆 Link to comment Share on other sites More sharing options...
Shane_B. Posted September 5, 2021 Share Posted September 5, 2021 12 hours ago, bdickens said: I've been there & seen it happen. Same here but I came to the conclusion I can let everything eat me alive or say ***** it, I'm 50 years old, I'm going to try to enjoy what little time I may have left. There's nothing I can do to change anything other than simply try to help my family and neighbors and leave the planet a little cleaner than I found it. (I left out friends because I have none, at least locally. They're all in NJ and most have passed away.). Link to comment Share on other sites More sharing options...
Shane_B. Posted September 5, 2021 Share Posted September 5, 2021 This is a pretty good video about the topic. Pretty much sums it all up imo. Link to comment Share on other sites More sharing options...
Zo Posted September 5, 2021 Share Posted September 5, 2021 As soon as Gibson name isn't on the equation , i ain't tripping ...lol 1 Link to comment Share on other sites More sharing options...
Zo Posted September 5, 2021 Share Posted September 5, 2021 6 minutes ago, Shane_B. said: This is a pretty good video about the topic. Pretty much sums it all up imo. The guy descibe the problem of capitalism , profit other anything but here's nothing wrong , but it's wrong lol .... Link to comment Share on other sites More sharing options...
Byron Dickens Posted September 5, 2021 Share Posted September 5, 2021 No, that's not the problem of capitalism. That's the problem of capital investment firms. Sweetwater itself is (was) a perfect example of everything that is right with capitalism. 1 Link to comment Share on other sites More sharing options...
Zo Posted September 5, 2021 Share Posted September 5, 2021 (edited) OT Edited September 5, 2021 by Zo OT Link to comment Share on other sites More sharing options...
Shane_B. Posted September 5, 2021 Share Posted September 5, 2021 Well there goes this thread. Sorry I posted the vid. LOL! 1 2 1 Link to comment Share on other sites More sharing options...
Byron Dickens Posted September 5, 2021 Share Posted September 5, 2021 (edited) 13 minutes ago, Zo said: Nothing capitalism with sweetwater , exept maybe interest rate but even doe they had zero interstet fees ..... capitalism is the exact opposit of american values , understand here that work and production of something bring something to sale , capitalism and rents are the exact opposit and something forbidenn from the old testament to even the coran / and bible : money from money .... in any forms .... it leds us to the situation we're in today sadly , not only sweetwater People invests to get more money back , as simple as that ...problem even worst , actionnary makes fireing people a tools to warannty this or lower cost and quality , salaries type of contract ect ..... on paper it could be great , but in the end , as usual , no limit in the greed I don't want to argue with you, but you have no understanding of what capitalism is. At it's most basic, it is nothing more than an economic system where the means of production are privately owned and operated for profit. That profit can then be used in all kinds of ways, good or bad but neither is inherent in the system. https://en.m.wikipedia.org/wiki/Capitalism Edited September 5, 2021 by bdickens Link to comment Share on other sites More sharing options...
Zo Posted September 5, 2021 Share Posted September 5, 2021 (edited) 13 minutes ago, Shane_B. said: Well there goes this thread. Sorry I posted the vid. LOL! Sorry let me erase my posts .... 4 minutes ago, bdickens said: I don't want to argue with you, but you have no understanding of what capitalism is. At it's most basic, it is nothing more than an economic system where the means of production are privately owned and operated for profit. https://en.m.wikipedia.org/wiki/Capitalism I studied it , but i don't feel either the need and the capacity to dev in englshi , not my birth langage the concept . Capital : is the key element to study , what is that concept ... Second , we can judge a system by its impact , the latter one is more than enougth to figure out it's far from ideal ..... and it will leads to the very essences of it , if you don't see the connection bewteen this system and usury , sure what's coming up next will make no sens for you ... Let me erase my stuff and get back to subject ....; Edited September 5, 2021 by Zo Link to comment Share on other sites More sharing options...
kitekrazy Posted September 5, 2021 Share Posted September 5, 2021 Sweetwater was not about lower prices but service after the sale. A people get older they start selling for less responsibility. I wouldn't worry. If it regresses then those who made changes should be taken outside the city gate and stoned. (not with weed) 1 Link to comment Share on other sites More sharing options...
Zo Posted September 5, 2021 Share Posted September 5, 2021 1 minute ago, Paul Young said: Sweetwater was not about lower prices but service after the sale. A people get older they start selling for less responsibility. I wouldn't worry. If it regresses then those who made changes should be taken outside the city gate and stoned. (not with weed) 1 Link to comment Share on other sites More sharing options...
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