Re:Ron Legrand GONE - Posted by j me
Posted by j me on December 31, 2002 at 12:26:28:
Information Concerning Recent Departure
By Ron LeGrand From SDI
For over 14 years I’ve been teaching folks how to secure financial freedom through real estate. It began with my first company called The LeGrand Group. It 1995 it became part of Success Development International, which was merged into International Media Holdings in 1998, as it became a public company.
In 1995, I gave up a major portion of my company in the hope of creating a much larger company and taking it public. In 1998 I gave up controlling interest with the intent of merging and making the public offering liquid for both the company and myself.
Since then I’ve been an employee and spokesperson working to increase the value of IMH for the shareholders while continuing to spread my message of financial freedom to all who chose to listen.
However, my ideas and management style of how the company should be run is not aligned with the CEO David Reecher. This disparity existed since he and his companies merged with SDI in 1998 and when Mr. Reecher acquired ownership interest almost identical to mine.
It became obvious to me the original objectives which prompted me to give away 75% of my company over the years were never going to be achieved. In that light, I made Mr. Reecher an offer to buy him out. My offer was very similar to the offer the company had just approved to buy out another major shareholder who held approximately 27% ownership. Mr. Reecher refused my offer.
On November 29th, my attorney sent the company a notice of non renewal of my employment and speaking agreements which was effective 12/31/02. On December 16th, I was greeted at the door of SDI by the management team and a policeman and therewith escorted from the building. The same morning I was served with a lawsuit alleging several unfounded accusations.
Unfortunately for all concerned this action and my ensuing lawsuit will lead to a long battle, one of which I am convinced I will be the prevailing party.
In that light, I no longer work for or am associated with SDI or any of its related companies, which includes its seminars, Bootcamps, conventions, newsletter, PPN network or coaching on rebate certificates granted numerous students within the past 60 days.
I appreciate all the numerous calls and letters of support received to date. It’s been a real honor to work with all the great customers and associates over the years. You’ve taught me much more than I’ve ever taught you. The SDI chapter may be over but the book is a long way from finished.