Countless inventions have arisen from the invigorating environment capitalism provides. The system is at its finest when companies are tasked to create cutting-edge, world-class technologies. However, as always, the human factor deters development. In this capacity, Global Tel Link (GTL) has taken on a campaign of rhetoric over innovation, leading customers to believe that its technology is on par with Securus.
While Securus CEO Richard A. Smith has stopped short of directly denouncing GTL, he points to a plethora of facts in his favor. Securus has invested over $700 million over the last four years of business operation. Testing has indicated that Securus’s call center (which is domestically based) operates at a 600% greater rate than its competitor. Furthermore, Securus owns the largest VOIP (Voice Over Internet Protocol) platform in all of corrections.
However, Smith points out the fact that the factor of true success is the customer experience. For those requiring a statistical representation, Securus has taken business from GTL at a rate of $4 to $1.
These tangible factors have led Securus to deliver an epic message, Securus wants to have a “technology bake-off”. Essentially, the Dallas, Texas firm wants an independent judge to observe the capabilities of GTL technology in comparison to Securus technology. If GTL’s tech is as astounding as they claim, why not compete? The challenge is a marvelous way to bring this competition to the forefront of client consideration. It is a beautiful return to the essence of capitalism through a showcasing of competing technology. Finally, it is a direct, no-nonsense way to perform due diligence for the clients who need it.
Recently, the former Atlanta Hawks Management Corporation filed a case against AIG. AIG was the insurance company for them when it was the owner of the Atlanta Hawks basketball team. Bruce Levenson is the leader of the group, so he is spearheading this case. Levenson is a Partner an Co-Founder of the United Communications Group. He was at one time a sports and technology journalist, philanthropist, but he found his true calling in entrepreneurship.
Levenson’s company is claiming that while it still owned the Atlanta Hawks its insurance provider acted in bad faith and breached its contract. To be clear, this case does not involve the current Atlanta Hawks management in any way as the company was sold to them in June of 2015. The current Hawks management is run by Forbes billionaire Tony Ressler and they had no comment on this legal case. Levenson says that AIG’s insurance policy covered “Workplace Torts” and “Wrongful Termination”. This is relevant because Danny Ferry was terminated by Levenson’s management before the team was sold. Ferry was locked into a 6 year long $18 million contract that began in 2012. His termination was necessary for the closing of the sale to the new management. This constitutes wrongful termination which should have triggered coverage under AIG’s insurance policy.
The exact amount that Levenson believes AIG should have covered is confidential. AIG has not acknowledged that a policy has been triggered or even that a claim has been made. According to Levenson, AIG is being completely unreasonable about this matter. Levenson seeks damages against AIG for legal fees and costs in addition to all other penalities. No comment has been made by the company going back to 2015.
Read More: http://time.com/3296175/bruce-levenson-atlanta-hawks-racist-email-kareem-abdul-jabbar/
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