Author Topic: BSN Sold for $144 Million  (Read 11958 times)

Lundgren

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Re: BSN Sold for $144 Million
« Reply #50 on: January 19, 2011, 02:34:43 PM »
I disagree with you that omegs is garbage. There are several clinicals that debunk that notion.

I agrre with you that the bubble will burst one day, but I don't think it will be for at least a decade.

The bodybuilding industry is much differant than mass market supplement sales. You have to be careful what you claim and what you seel when you are being sold by retailors like Walgreens and the like.
Read again Omega's have been proven but the amount most supps give are way the fuck below what the research says you need to get actual benefits.

mass243

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Re: BSN Sold for $144 Million
« Reply #51 on: January 19, 2011, 02:37:38 PM »

I don't understand this. Every company has all the same people, who control the same functions. A business is a business.

Just like calorie is a calorie   :D

Lundgren

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Re: BSN Sold for $144 Million
« Reply #52 on: January 19, 2011, 02:38:00 PM »

I don't understand this. Every company has all the same people, who control the same functions. A business is a business.
All companies are the same lolz, maybe in America, a construction/contractor has the bulk of it's workers focused on direct production, same as manufacturing, however American's love to do everything but actually making a product.

But supps are over flooded at the moment, too many companies selling the same thing, which means it's a bubble. When one no name brand can wipe it all out with competitive prices.

Chick

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Re: BSN Sold for $144 Million
« Reply #53 on: January 19, 2011, 02:39:10 PM »
I'd say that's about average.

Not trying to call you out. I'd be shocked if he were getting any less than 40k.

You're way off bro...since none of you really know what my role is, or what I do...these guesses are laughable.

Lundgren

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Re: BSN Sold for $144 Million
« Reply #54 on: January 19, 2011, 02:40:36 PM »
You're way off bro...since none of you really know what my role is, or what I do...these guesses are laughable.
I'll agree, my guess is 400k but I have no idea who you or BSN really is. But If your one of their star reps your probaly paid to do alot of things beside taking photos.

body88

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Re: BSN Sold for $144 Million
« Reply #55 on: January 19, 2011, 02:45:51 PM »
You're way off bro...since none of you really know what my role is, or what I do...these guesses are laughable.

That's fine, and I am happy you make more than what is a typical average contract. A mentioned, that opinion is based on what a non elite bodybuilder (with no other responsibilities) would receive. I don't know what you do, so I can't estimate your worth to them.

body88

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Re: BSN Sold for $144 Million
« Reply #56 on: January 19, 2011, 02:48:24 PM »
All companies are the same lolz, maybe in America, a construction/contractor has the bulk of it's workers focused on direct production, same as manufacturing, however American's love to do everything but actually making a product.

But supps are over flooded at the moment, too many companies selling the same thing, which means it's a bubble. When one no name brand can wipe it all out with competitive prices.


Correct, but all the roles you mentioned are utilized by most all companies.

mass243

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Re: BSN Sold for $144 Million
« Reply #57 on: January 19, 2011, 02:49:23 PM »
That's fine, and I am happy you make more than what is a typical average contract. A mentioned, that opinion is based on what a bodybuilder (with no other responsibilities) would receive. I don't know what you do, so I can't estimate your worth to them.

LOL
Care to share any source you get your info about "average contracts" from?

body88

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Re: BSN Sold for $144 Million
« Reply #58 on: January 19, 2011, 02:51:39 PM »
LOL
Care to share any source you get your info about "average contracts" from?

I'd rather not.

Average industry "talent" - (I'm not talking industry leaders like Jay, Branch and Ronnie), goes for about about 40-60k per year. How much do you think companies are paying guys to take pictures and go to expos.

mass243

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Re: BSN Sold for $144 Million
« Reply #59 on: January 19, 2011, 02:54:53 PM »
I'd rather not.

Average industry "talent" - (I'm not talking industry leaders like Jay, Branch and Ronnie), goes for about about 40-60k per year. How much do you think companies are paying guys to take pictures and go to expos.

I have no idea about exact figures but as long as we're talking about top10 pros they are more than probably making way more than 40k a year...

Although it all of course depends on what is the 'average' here... if we take in count guys who get free protein bar for christmas it naturally decreases the average payment..

body88

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Re: BSN Sold for $144 Million
« Reply #60 on: January 19, 2011, 02:57:36 PM »
I have no idea about exact figures but as long as we're talking about pros placing in top10 they are probably making way more than 40k a year...




Just giving my .2. Take it for what it's worth.

I'll give you that the top guys make much more than the average industry contract, but keep in mind, there are lots of endorsers out there. Erick Farnhouser (or however the fuck you spell his name) ain't making big money to go to expos and appear in print ads. His contract is likely worth 40-60 and his company most likely pays for expenses, as well - (travel + food), which could tack on another 20, or so. There are more average vs. top guys.

Lundgren

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Re: BSN Sold for $144 Million
« Reply #61 on: January 19, 2011, 03:01:33 PM »

Correct, but all the roles you mentioned are utilized by most all companies.
No shit sherlock, my point is that's where the bulk of the pay roll is. There's very little to do with the physical product.

body88

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Re: BSN Sold for $144 Million
« Reply #62 on: January 19, 2011, 03:08:47 PM »
No shit sherlock, my point is that's where the bulk of the pay roll is. There's very little to do with the physical product.

I might have been confused by your posts. You said this:

Quote
I don't mean just him, I mean like the graphics designer the bitch calling other shops up, other sales folk. People in distribution, that connect shipping routes. And the list goes, on.

And that 7 percent marketing idea, I don't think is true, unless your highly selective on what you include as marketing.
 

My point is this: the bulk of every company's payroll is wrapped up in the same type of shit. It's all included in the contribution margin. I changed by post to 7-12 percent. I'd say that's around the industry standard, if your company is not a toilet.
  
 

tom joad

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Re: BSN Sold for $144 Million
« Reply #63 on: January 19, 2011, 03:18:08 PM »
You're way off bro...since none of you really know what my role is, or what I do...these guesses are laughable.

Bob, is your role and salary with BSN a secret?

If you have a big contract with BSN, why wouldn't you want the terms to be publicly disclosed?  I mean, you're the athletes' rep right? So then if the dollar figure of your lucrative contract is widely known in the industry then the athletes that you represent will benefit when some of them negotiate their own contracts with supplement companies as your deal will have raised the bar for others.  

body88

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Re: BSN Sold for $144 Million
« Reply #64 on: January 19, 2011, 03:23:51 PM »
I'll agree, my guess is 400k but I have no idea who you or BSN really is. But If your one of their star reps your probaly paid to do alot of things beside taking photos.

If he's making 400, his salary like likely higher than the ceo's. The supplement industry does not pay well (compared to other industries). Highly doubt he gets 400.

Lundgren

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Re: BSN Sold for $144 Million
« Reply #65 on: January 19, 2011, 03:26:41 PM »
I might have been confused by your posts. You said this:
  

My point is this: the bulk of every company's payroll is wrapped up in the same type of shit. It's all included in the contribution margin. I changed by post to 7-12 percent. I'd say that's around the industry standard, if your company is not a toilet.
  
Lol my best friends works in a company with 9 guys, one sales lady, and a few mil worth of CNC's, for making high end kitchen cabinets, they make a pretty penny, and their sales lady, in only a small part of the actual cost, same with my room mates electronics company.

However I'd agree that your right about american companies, but they don't really produce anything which was my point from the start.

Lundgren

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Re: BSN Sold for $144 Million
« Reply #66 on: January 19, 2011, 03:28:09 PM »
If he's making 400, his salary like likely higher than the ceo's. The supplement industry does not pay well (compared to other industries). Highly doubt he gets 400.
Well it's entirely dependant on how much they feel it's worth to keep him, which is why we won't ever hear of the actual numbers. You can't base it on how many titles or photo's he takes. It has alot more to do with how much they feel they will lose without him.

body88

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Re: BSN Sold for $144 Million
« Reply #67 on: January 19, 2011, 03:37:59 PM »
Well it's entirely dependant on how much they feel it's worth to keep him, which is why we won't ever hear of the actual numbers. You can't base it on how many titles or photo's he takes. It has alot more to do with how much they feel they will lose without him.

I hear you, but thats a big chunk if he is not running a huge part of the business. I don't think BSN was doing enough earning to justify paying Bob upwards of half a million. Think about the expenses as well. At least 80- 100 more per year. Meals, flights, supps, hotels, car rentals....

I could be wrong. I hope I am. I hope he makes huge money.

Captain Equipoise

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Re: BSN Sold for $144 Million
« Reply #68 on: January 19, 2011, 03:51:42 PM »
You guys are smoking crack if you think Chick is making anything over $50k with BSN

esp. anywhere NEAR 400k, hehehe the CEO's don't make that much let alone a senior, retired former pro bodybuilder.

Lundgren

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Re: BSN Sold for $144 Million
« Reply #69 on: January 19, 2011, 03:54:39 PM »
You guys are smoking crack if you think Chick is making anything over $50k with BSN

esp. anywhere NEAR 400k, hehehe the CEO's don't make that much let alone a senior, retired former pro bodybuilder.

It depends, if Bob Chick is seen as a pseudo share older it's entirely possible as he's a large part of the brand. Atleast I thought he was.

But I have no idea nor do you what his relationship with the company is. All I know is BSN is only ever mentioned on this site with Bob Chicks name, me thinks this is no accident.

SF1900

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Re: BSN Sold for $144 Million
« Reply #70 on: January 19, 2011, 03:58:58 PM »
Wow, someone actually spent $144 million on absolute shit.
X

maxkane69

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Re: BSN Sold for $144 Million
« Reply #71 on: January 19, 2011, 04:04:37 PM »
ALL BB. SUPPLEMENTS ARE GARBAGE!
EAT A CAN OF TUNA,EGGS OR CHICKEN BREAST INSTEAD OF WHEY ISOLATE.
EAT FRUIT AND VEGETABLES INSTEAD OF MULTIVIT./MULTIMIN. CAPS!
EAT BEEF IF YOU WANT CREATINE MONOHYDRATE!
EAT SALMON IF YOU WANT FISH OIL!
DO NOT BE STUPID AND LET SNAKE OIL SALESMANS BECOME RICH STEALING FROM YOU!

Ron

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Re: BSN Sold for $144 Million
« Reply #72 on: January 19, 2011, 04:09:52 PM »
I gotta laugh at some of the things that people thinks, like Bob didn't know about the BSN deal. He knew as much as many of us involved did, but obviously, not going to say anything to jeapordize anything.

Quote
Wow, someone actually spent $144 million on absolute shit.

Obviously, you have NO idea what you are talking about. With revenues in 2010 approx 30-40% higher than 2009, it is an aweomse deal for Glanbia to purchase.  Since they will bring the outsourcing of BSN's product into their own manufacturing lines, which also does Optimum eventually, the savings there is tremendous.   With sales continuing to grow at BSN, it was a good move.

Quote
If he's making 400, his salary like likely higher than the ceo's. The supplement industry does not pay well (compared to other industries). Highly doubt he gets 400.  You guys are smoking crack if you think Chick is making anything over $50k with BSN

Bob is not making 400K, jeez, nor is he making 50K?  He is more than just an 'athlete' for BSN, and his salary show it.

Quote
Bob, is your role and salary with BSN a secret? If you have a big contract with BSN, why wouldn't you want the terms to be publicly disclosed? I mean, you're the athletes' rep right? So then if the dollar figure of your lucrative contract is widely known in the industry then the athletes that you represent will benefit when some of them negotiate their own contracts with supplement companies as your deal will have raised the bar for others

Yes, his salary is a private matter, as is all salaries in many companies. Most businessman do not 'disclose' their financial dealing because it isnt anyones business.  To be truthfull, almost none of you know people's nor athletes compensation, plus benefits, and other bonuses they get for meeting goals, etc.  


Quote
ALL BB. SUPPLEMENTS ARE GARBAGE! EAT A CAN OF TUNA,EGGS OR CHICKEN BREAST INSTEAD OF WHEY ISOLATE. EAT FRUIT AND VEGETABLES INSTEAD OF MULTIVIT./MULTIMIN. CAPS! EAT BEEF IF YOU WANT CREATINE MONOHYDRATE! EAT SALMON IF YOU WANT FISH OIL! DO NOT BE STUPID AND LET SNAKE OIL SALESMANS BECOME RICH STEALING FROM YOU!

Another stupid response from a purist who obviously thinks that. As we have had discussions many items, supplements are items to SUPPLEMENT your food intake. Duh.  Get it.  Many people do not have the time to eat tons of food all the time, hence you 'supplement' your food intake.

And as many people know, experts, competitors, and mainstream people, supplements do work.  Not all of them, but many do.  But without exercise, some cardio and lifting weights, nothing will happen.

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Re: BSN Sold for $144 Million
« Reply #73 on: January 19, 2011, 04:28:08 PM »
rumor has it that it was only going to be sold for $133 million but after talking to Bob they upped their offer
Enjoy your dish...

Lundgren

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Re: BSN Sold for $144 Million
« Reply #74 on: January 19, 2011, 04:57:39 PM »
rumor has it that it was only going to be sold for $133 million but after talking to Bob they upped their offer
I donno if that's a joke but that would speak volumes about how much he's worth to them.