That explains something I never fully understood previously.

Thanks!

Richard



On 11/29/2015 6:07 PM, Tom Fine wrote:
> http://www.leagle.com/decision/196448923bstcm466_1419/browsedecisions
>
> this is a decision in a tax case against Norman Pickering. Relevant to
> the case were the "consulting fees" paid to Pickering in order for him
> to not compete after he left the company he founded, control of which
> was then taken over by Walter Stanton. In the 1960's, $50,000 was big
> money to buy five years of silence. Note that Pickering was negotiating
> to go work for Electrovoice. Under the separation agreement he signed,
> he lost rights to his patents and lost control of the company that put
> out cartridges bearing his name well into the 1970's.
>
> -- Tom Fine
>
--
Richard L. Hess email: [log in to unmask]
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