Is he still selling books?

----- Original Message ----
From: off_world_beings <[EMAIL PROTECTED]>
To: FairfieldLife@yahoogroups.com
Sent: Tuesday, November 7, 2006 12:19:56 AM
Subject: [FairfieldLife] Re: Reader's Digest takes write-down on Books Are Fun

--- In FairfieldLife@yahoogroups.com, bob_brigante <[EMAIL PROTECTED]>
wrote:
>
> Looks like Reader's Digest should have bought Kaplan's management
> skills along with his company:
>
> "Much of David and Earl Kaplan's wealth derives from the business
Earl
> Kaplan founded, Books Are Fun, which was sold to Reader's Digest for
> $380 million although, according to Publishers' Weekly, Reader's
Digest
> has since taken a $188 million write-down on BAF and the company has
> filed a lawsuit against Earl Kaplan for violating a non-compete
clause.>>


Ouch...much as I think The Earl of Kaplan is a pretty dumb, but
slightly likable, chap, who tried hard to spit in his teacher's face,
I would wish no ill-will against him for this kind of thing.

But what exactly is a "non-compete clause".?

OffWOrld




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