FLOPS COO sues Raytheon

[jetwash]

It looks like Flight Options Chief Operating Officer is taking Raytheon to court. Sanjay Aggarwal (aka Baboo) wants the money Raytheon promised him for making the company look good so that it could be sold to an unsuspecting new buyer.



http://dockets.justia.com/docket/court-ohndce/case_no-1:2008cv01158/case_id-150988/

 

[PigPile]

Yea, had something to do with a CONTRACT, right?

 

[FLYLOW22]

Yea, had something to do with a CONTRACT, right?

Sucks to have a contract bashed and then get forced into filing a grievance, er.... uh.. lawsuit. (same thing).

 

[HSDriver]

So let me get this straight, Its all been about slimming the company down and not really making the company prosperous. Making the numbers "LOOK" good for the sale. And it has been done on the backs of the pilots. Skimping on maintenance and aircraft appearance, increased insurance costs, substandard wages, forced overtime, etc... Come in and screw all the employees and owners for that matter, jump out at the end with your golden parachute. Yes, that has been their job the entire time. They will be gone before long and good riddens!

HS

 

[bchjetdrvr]

S.S. FLOPTANIC

Their life boat ----> THE 1108!

____________________________

THE WINNER?

Decision making by the big cheeses at Flops.

____________________________

 

[learflyer]

S.S. FLOPTANIC

Their life boat ----> THE 1108!

____________________________

THE WINNER?

Decision making by the big cheeses at Flops.

____________________________

Hey! I don't see any mullets in that cartoon! how could that be cgf?:laugh:

 

[bchjetdrvr]

In it for the money? You decide. This is the COO of Flight Options. One of the people heading the company towards long term success or is he using it only for his own gain?

__________________________
1:2008cv01158

Paragraph 6. Prior to November 30, 2007, Aggarwal worked for Flight Options LLC ("Flight Options").

Paragraph 7. Until November 30, 2007, Raytheon was the parent company of Flight Options.

Paragraph 8. On November 30, 2007, Raytheon sold it's entire interest in Flight Options to a third -party equity firm.

Paragraph 9. On or about March 26, 2007 Aggarwal and Raytheon entered into a written agreement whereby Aggarwal would receive certain incentives if, among other things, he remained with Flight Options through a potential change in control of the company (the "Incentive Aggreement"). Because of the Incentive Agreement's confidentiality provisions, the Incentive Agreement is not attached to this Complaint.

Paragraph 10. The Incentive Agreeement also includes an arbitration provision, which only obligates the parties to arbitrate arising during the term of Aggarwal's employment with Raytheon and/or Flight Options.

Paragraph 11. Seperate from the Incentive Agreement, in 2007, Raytheon agreed to pay Aggarwal's a "success fee" if he continued his work with Flight Options through the closing of the company's potential sale to a third-party ("Success Fee Agreement"). The agreed upon amount of the success fee payable to Aggarwal was a percentage of the sale price of Flight Options.

Paragraph 12. In reliance upon Raytheon's representations, Aggarwal did not persue other employment opportunities available to him in 2007 before the closing of the Flight Options sale.

Paragraph 13. To date, Raytheon has knowingly refused to provide Aggarwal what he is entitled to under the Incentive Aggreement, as well as what he is entitled to under the Success Fee Agreement.

Paragraph 15. Aggarwal and Raytheon entered into the Incentive Agreement, which is a valid and binding contract.

Paragraph 20. Aggarwal and Raytheon entered into the Success Aggreement, which is a valid and binding contract.
___________________

Are you sick yet. uke: Do you need a minute to go throwup? Smoke em if you got em. So Sanjay was going to get paid for sticking it out and helping along the sale of Flight Options, and for doing so, was going to make out under an Incentive Agreement and a Success Agreement. Did Sanjay have your best interests in mind? Did he have the best interest of the company in mind? Or his own? What about Bob Tyler or Michael Sheeringa? Could they possibly have the same agreements set in place? The 3 guys running the show....who's interest do they care for?

Fence sitters do you need anymore!

 

[Frac Cap]

Baboo getting lied to by management......talk about poetic justice. I give that buffoon no more than 3 weeks before he is gone, if not already. He is selfish, and was only looking out for himself . F@%c the company, as long as he got is bonus. He is poison to our companies survival. He needs to go now. His intentions and credibility are compromised beyond repair.

 

[jetwash]

Nepotism

Lets not forget that he brought in his wife to head the Flight Options marketing department.

Under her leadership Flight Options reputation and presences in the market is nowhere near the other frax.

Was she marketing the company to potential customers to help it grow or was she working to help her husband get as much out of his contract with Raytheon?
Was the marketing used to aid Sanjay in his agreement to sell the company or was it used for selling aircraft shares and the good of the company as a whole?

Conflict of interest???

 

[Frac Cap]

I almost forgot about that. She had the absolute worst advertising campaign slogan I have ever seen. What kind of moron would sign off on it.....scratch that.

"Flight Options would not make a good teenager because we always listen". No you dumb a#$, that actually would be a good teenager. Maybe not a normal one, but a good one.

"Flight Options wound not make a good bank teller because we always give you more than you expect". No that would be the bank teller that I would want, but the bank would be loosing their a$$ because the bank teller would be giving away the store......Oh, OK, I see what happened now.

We also never had a picture of the product that we were selling in the advertisement.....scratch that one too, with the condition of the pain jobs I guess that might have been best.

They need to send her out the door too. What possibly could have qualified her for that position other than the obvious?

Time to get back to rebuilding this company.