Others, some on TTAG, have written more comprehensive and eloquent summaries than this. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. [25], Integrally suppressed rimfire firearms (discontinued), Last edited on 16 February 2023, at 06:54, Naval Surface Warfare Center Crane Division, "Freedom Group, Inc. Forms Office of the Chief Executive Officer", https://cdn0.thetruthaboutguns.com/wp-content/uploads/2020/09/27092020123649821_1231_20202709124853872.pdf, "Hanna Announces Remington Receives $80 Million Contract", Army's XM2010 sniper rifle gets full fielding, "The Quiet Continues: Suppressed Pistols", "Advanced Armament Corp Awarded Contract for Family of Muzzle Brakes", "300 AAC Blackout, New Caliber, New Mission", "Frank Girardot: It's Time to Get One of Those "I Voted" Stickers", https://en.wikipedia.org/w/index.php?title=Advanced_Armament_Corporation&oldid=1139661252. Kevin Brittingham founded Advanced Armament Corporation in 1994 to manufacture sound suppressors, having previously been a distributor for GEMTECH, another suppressor manufacturer. Kevin and others repeatedly asked when someone would be assigned to help, but years after the sale there was no permanent employee detailed to handle AACs books. To pay for stuff. You are trading complete ownership of a pie you cant make work, for a slice of a pie someone else thinks *they can* make work. On the stand, Remingtons own ATF expert testified that the practice was indeed illegal. The margins on them were superb. He confirmed via text message that the silencer in question was indeed a Maxim, but he maintains that it was sent by Freedom Group to set him up. She currently lives in a mansion worth $5 million. The two were both pseudo-populist billionaires from New York, but otherwise dissimilar. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. They didnt care about any of that.. Not budding hunters, necessarily participation rates in the outdoor sports had been stagnating for years. I think we are at the juncture to discuss whether we want to make a leadership change for the long term at AAC if we believe that KB is not up to the task. Once you start dealing fit 7 digits in front of the decimal point, everyone is a scumbag. I never mentioned Remington, ING did. Reichert obliged, dragging his pupil into the swamps near the Camp LeJeune base. So now youve got tens possibly hundreds of NFA items being transferred between, moved around, and otherwise commingled by the original owner and a company with two different FFLs any one of which may or may not technically be in constructive possession of those item(s) at any given time. It was its most profitable year. What youd have instead are forced monopolies and whatnot. At Blackwater, his instructor was Steve Reichert, a Marine Corps infantryman and decorated war hero who was one of the best marksmen on Earth. Ill spare you the details (it gets pretty dry), but here are the judges own words on the compliance officer: [The compliance officer] was never intended to be a compliance person at best, he was unqualified to ensure appropriate compliance; at worst, he was sent to AAC to find a basis to terminate Brittingham. Silencers turn shooting more into golf.. I dont think so, but its your sandbox, so your call.). I cant rattle off specific cases and dates without some research. Which is just like saying that cheating is ok as long as you dont get caught. REMINGTON PMPD There, the acquiring company often has a retention payment for key players to keep them around through the integration. For several values of they, as we say in the nerd-pool. Of course, owning was a questionable term here; by the end of 2015, Remington Outdoor Company was worth less than the debt attached to it, like a house with an underwater mortgage. REMINGTON LE On the dotted line of that agreement he signed only the word flounder. According to Kevin that was written in the title box, as Kevin had had his title changed from president to founder, but he doesnt remember writing it. Kary's increased presence on social . Kevin and the AAC guys saw what was happening and were understandably concerned. A Whistleblowers Claims About a St. Louis Transgender Center Are Under Fire. They were driving awfully fast down the road. After a year on the board, he quit. Youre really comparing ATF compliance (which has been a boon to many FFLs) to selling computers? The tax stamp was equivalent to about $2,000 in todays money, easily pricing the average citizen out of such purchases. Shooting a 180-pound deer is the same tech as shooting an 180-pound man, said Brittingham, and Freedom was staffed with a number of people whod done both. If you guys aren't aware, Kevin Brittingham from Q has a podcast. Walgreens Wont Sell Abortion Pills in Red States Even Where Its Legal. Inflation and public interest would work to somewhat normalize the stamp issue, but by now the sheer volume of bureaucracy surrounding the process is a barrier in and of itself. Kevin and his buddies and his wife who built AA are good guys. The round is very similar to the .300 Whisper cartridge created years earlier by SSK Industries, but AAC submitted the cartridge for SAAMI standardization and allows any manufacturer to use the specifications. That warning never took place, and no time was given. Or where a random suppressor may or may not have showed up not-so-randomly on company property for KBs personal use. So, getting the NFA repealed looks simple on paper, but is in reality a direct challenge to a lot of established law, regulation, and cultural acceptance. Kary admitted to fellow castmate, Brandi Redmond that without her husband, Eduardo Brittingham, she would not have much to . Remington acted like a giant back of dicks, but it seems like he wasnt running the business solidly before the buyout too. 2. And a chatbot is not a human. Before being acquired by Cerberus, Bushmasters bare-bones product brochure had all the glamour of a catalogue of plumbing fixtures. Interesting to me, its good strategy to work the system (vs. do the work) if you arent particularly good at doing the work. Someone please correct me if Im wrong, but thats what I think is the answer to your question. Agreed. This guy couldnt keep track of a couple of hundred suppressors and his personal guns? And a linguist named Emily M. Bender is very worried what will happen when we forget this. . In Iraq, in 2004, he had shot a man from over a mile away, one of the longest confirmed hits by any American soldier in the war. Kevin Brittingham: In the 24 hours after we put it on the website for retail, we sold 600 of them. COPYRIGHT 2021, THETRUTHABOUTGUNS.COM. It is only as good or benevolent as the people in it. He seems to be sloppy, lazy, and foolish. Its play was obvious: roll up small gun companies, centralize management while combining costs and cutting overhead, and then, when the moment was right, sell the conglomerate to the public via an IPO. Too much can go wrong and stuff can just end up walking out of the door. Theyre great for urban encroachment, said the companys founder, Kevin Brittingham. That is a huge amount of paperwork and possible violation bate. Terms of Service apply. So, too, did every other gun-industry executive I spoke with. If only I were qualified and had the money/contacts to form such a company. But here are the cliff notes: Due to these decisions, the judge ruled that Kevin had been terminated without cause and was due every cent of the damages that he demanded: somewhere around $14 million plus lawyer fees and interest. None of them wavered in the slightest, not even when I brought up the Newtown massacre, or the Pulse-nightclub shooting, or the San Bernardino attacks, or the shooting of the Dallas police officers, or the certainty of other massacres to come. People really need to understand that if you dont get paid up front, free and clear, without strings attached, then you are getting ripped off. His name is Kevin Brittingham, the "people's CEO." Brittingham is a name you should know. Throw into that confusion the fact that the R&D department was using some of Kevins personal firearms as design aides and you can see where there was a lot of potential for disaster.. . Schauble and the rest of the Remington and Freedom Group board were not aware of any misconduct that would give them a reason to can Kevin. A secretive Manhattan billionaires dreams of creating Americas foremost firearms empire. Back in October, a pre SHOT Show photo shoot took place at AACs HQ. In the meantime, AAC continued to use their pre-sale FFLs to conduct business while Freedom Group obtained a new one for the new AAC, and even after the new FFL was in place the existing stocks of guns and ammo that had been agreed upon as part of the sale remained in the old FFLs bound books. In fact, a free market cannot exist in the absence of equitable rule of law. ;-P. I think Ill defer any future purchases of products owned by or associated with Remington or the freedom group. 2 years later, hes fired from his own company, and she cant understand how. He is best known for being a member of the band Cinderella. . They didnt get the three hints, unequivocal in the balance sheet: You dont have a going business, or youd be making money & getting things done. Youre dumb, because Im not talking about Remington and I indicated it was a tangent for a reason. Hope he will go on to do great things in the silencer arena. But if all people were basically good, why would we, increasingly, pass more and more elaborate laws? He had pissed off the management, but that wasnt sufficient cause for dismissal. One recent survey, conducted by public-health researchers from Harvard and Northeastern universities, suggested that this 3 percent owned more than half the countrys guns. It was easy to imagine these well-armed individuals as doomsday preppers or anti-government fanatics, but the reality, one former Cerberus insider suggested, was mundane. Regardless, short of repealing the NFA, Ownership, manufacture, maintenance, and transfer of such items is a legal nightmare, especially if you want to do it on a corporate level. The military-proven guns offered the buyer vicarious status as an operator, although Cerberus understood well that few of its customers actually had combat experience. The company was debt free and making money hand over fist, so Kevin never saw a need to sell. I live in New York Territories under the administration of Procunsul Cuomo the Younger. So one weekend in late 2005, he left behind the Manhattan offices of Cerberus Capital, the private-equity firm hed founded, and his multistory Upper East Side residence, which he was in the process of spending $15 million to renovate, and traveled to Moyock, North Carolina, to the tactical-training facilities of Blackwater, the notorious private military contractor, for a weekend of long-range-firearms instruction. Investment managers werent likely to view the company favorably until the companys product-quality concerns were addressed. Concentrated into a smaller demographic were the serial gun purchasers, a hard core of about 3 percent of the U.S. population. Comments from Kevin are marked as such.]. Theres a very good readable breakdown in this book: http://www.amazon.com/The-Big-Short-Doomsday-Machine/dp/0393338827/ref=sr_1_1?ie=UTF8&qid=1390243182. In 2015, Walmart announced it would no longer carry assault rifles. By some karmic coincidence, Martin Feinberg, Stephens father, lived in Newtown, in a senior community. Trumps victory means Feinberg will ascend to a position of influence he has never experienced before. Their scarcity has driven a level of cultural acceptance of their restriction. Your above incontinence misses the main point of this post: Private contracts between two parties were treated as toilet paper by one party. At Cerberus, he talked firearms often, once derailing a Freedom Group board meeting with a discussion of the relative ballistic merits of polymer-cased ammunition and traditional hollow-points. I can absolutely see why their compliance was a mess. MOUNTAIN KHAKIS The intent of the law was to get bad people off the streetsin theory. In reality the $200 stamp was a near defacto ban on new ownership. Save my name, email, and website in this browser for the next time I comment. Each month, he paid an equal share of Bushmasters gross profits to every employee, from the CEO to the guy who cleaned the toilets. I would otherwise be interested in the R51 as I love weird action types, but it is unfortunately illegal in Canada, the barrel is too short. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. Another option would have been to sell off the most controversial product lines, like Bushmaster, but the centralization of manufacturing made that impossible, too. Everything gets ridiculously complicated ridiculously fast. In 2004, alongside Goldman Sachs, Cerberus privatized 65,000 units of public housing in Berlin. its above the asking price he wants/needs). It doesnt surprise me that our government would put in place rules/regulations that stifle design and innovation, they do that all the time. Eric Brittingham was born in Salisbury, Maryland in May 1960. One example is the migration of the Activision guys through Microsoft, then into Smith and Tinker (which eventually didnt work, exactly.). They even went so far as to give silencers to people who had an AAC logo tattooed on their bodies, a marketing campaign that was so successful that they sunk a quarter million dollars into it before it ended. By 2009, it looked like a recruiting poster for Delta Force. The opposite of equitable rule of law could be an oligarcy, feudalism, corporatocracy, or any various flavors of totalitarian collectivism littered throughout history where the law, such that it is, is used to bludgeon the little people and potential competitors, but passes are handed out like candy on Halloween for the properly connected and/or titled (ahem Obamacare ahem). Students are such easy targets. P.S. In early 2016, Donald Trump unexpectedly decapitated the Republican Party, and GOP power brokers were forced to choose sides. No wonder Barnes blacktips are so expensive. Brittingham, the founder of Advanced Armament Corporation, currently holds more than 40 patents in the firearms industry. Really. All rights reserved. Theres nothing intrinsically technically difficult about SBRs, suppressors, etc. It is important to point out that at the time this email was written, Remington and Freedom Group had no knowledge that Kevin had done anything wrong. The big companies who are buying you have scads of lawyers on their staff. Kate Bedingfield, Bidens Translator, Leaves the White House. They even went so far as to give silencers to people who had an AAC logo tattooed on their bodies, a marketing campaign that was so successful that they sunk a quarter million dollars into it before it ended. Biden Chooses Crime Messaging Over D.C. Home Rule. It was also the first time since 2010 that the average net worth of a billionaire dropped - it is now $3.6. You gotta say no up front. According to his LinkedIn, Eduardo is the founder and CEO of a social media app that connects and empowers Latino communities worldwide.However, Kary is providing a lot to the family financially now that she is apart of RHOD and owns her own jewelry line.Thanks to her two incomes, Kary now has an estimated net worth of $1.5 . Plays Incompetent Willy Wonka at CPAC. Thats TEN MILLION DOLLARS. Each part of the description could go in a corresponding column and be searchable. That is, if it hasnt already. I grabbed him by his collar and let the snake continue on his way.. These companies tried to screw him over but it didnt work. Shocked! So it seems as if there was a lot of confusion and scheming around this issue. Silencerco I hope you guys are listening.. always recommend folks watch Glengarry Glen Ross written by David Mament. Dont buy any Freedom Group Products. The owner of a business has a great deal of leeway on how they run that business. Feinberg was trim, balding, blond, and wore a bristly mustache but no beard. I have researched our Plan B options with APA, old employment agreements, new employment agreements, term sheets with probation statements, etc and can give you the bottom line tomorrow . There was huge competition between partners, said one former employee. After the sale, things went south quickly. Oh, and one more thingy. Pink bolt action .22LR rifle with optics and no shoulder thingy that goes up. If nothing else, hire a bookkeeper to do nothing else but keep the NFA stuff straight. I cannot believe how the NFA market has exploded in recent years, particularly for SBRs and suppressors. However, even if they came out with a longer barreled version to make it Canada compliant I would not buy it now knowing what FGI has done. He's a lawyer and civil rights/gun activist. Yet it may not be a loss for the left. Good luck getting one. Lots of reasonsand someone can probably say this better and with more authority than I can but. Parents and patients are now refuting her key claims. This will cost money. Shall not be infringed seems pretty straight forward from a pro-2a standpoint. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. This is the kind of sh*t that happens when you let the bureaucrats run the markets. In June of this year, the companys latest CEO, Jim Marcotuli, stated the obvious: Were not for sale.. I have little sympathy for any of the players. Jason wanted AAC to be treated like another plant, like Remington or Marlin or Bushmaster, with Remington HQ as the head of operations. By the end of his second day, he was consistently hitting targets from a thousand yards away the equivalent of 11 city blocks.
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