Fleeing heir puts Red Bull’s future on the line

[theguyfromanotherforum]

1 hour ago, zakk9 said:

Get your fact straight before posting bullshit:

"Red Bull GmbH is headquartered in Fuschl am See, an Austrian village of about 1,500 inhabitants near Salzburg. The company is 51 percent controlled by the Yoovidhya family who, for technical reasons, own the trademark in Europe and the US."

 

Wikipedia

 

Wow.... Thai very strong. Even outside Thailand the foreigner can't own more than 49%

[bojo]

Attention grabbing headline for soap opera viewers only.....

Red Bull is a force to be reckoned with in it's own right. What has this skinny muppet got to do with anything..............

Don't think he features anywhere in the real world....

 

 

[12DrinkMore]

13 minutes ago, bojo said:

Don't think he features anywhere in the real world....

Unfortunately the tw4t briefly appeared in the victims's world.

[bojo]

6 minutes ago, 12DrinkMore said:

Unfortunately the tw4t briefly appeared in the victims's world.

Ur right. I wasn't looking at it from that angle.................

[saakura]

1 hour ago, Loaded said:

I'm sure the authorities wouldn't have revoked his passport without checking first that he has a UK one.

On the other hand, the authorities might have revoked his passport after carefully checking that he has another valid one.

[The Deerhunter]

3 hours ago, wakeupplease said:

RedBull is not a Thai company. Austrian entrepreneur Dietrich Mateschitz was inspired by an existing energy drink named Krating Daeng, which was first introduced and sold in Thailand by Chaleo Yoovidhya.

 

So how does RedBull or Dietrich Mateschitz become responsible for the actions of the grandson. Dietrich licensed the product from Chaleo and made it a worldwide success?

 

This is nothing to do with RedBull or Dietrich Mateschitz but everything to do with the government here who let off rich people.

 

This is like the FB stories of Mercedes and Ferrari not letting Redbull F1 having their engines due to the actions of this Thai driver. Fact is Redbull have always used Renault engines and in 2017 under the TAG sponsorship banner. The reason that both Mercedes and Ferrari will not let Redbull have their engines is a guy called Adrian Newey who is the worlds no 1 designer of F1 cars and that is a fact.

 

So look closer to home for excuses please.

So Deitrich created it in Austria in the 1980's after being inspired by Krating Daeng.  How did that make the Thai family so indecently rich?  He surely did not pay them so many billions originally.  Did he buy the use of  the name and logo and pay them in shares of his new company perhaps instead of cash? Or is the name and trademark deal based on a volume  formula?  I assume that there is some indirect link to Boss's wealth.  Family shareholding in a successful overseas company by whatever means.  Power (wealth) corrupts.  Absolute power (wealth) corrupts absolutely.

[gandalf12]

4 hours ago, wakeupplease said:

RedBull is not a Thai company. Austrian entrepreneur Dietrich Mateschitz was inspired by an existing energy drink named Krating Daeng, which was first introduced and sold in Thailand by Chaleo Yoovidhya.

 

So how does RedBull or Dietrich Mateschitz become responsible for the actions of the grandson. Dietrich licensed the product from Chaleo and made it a worldwide success?

 

This is nothing to do with RedBull or Dietrich Mateschitz but everything to do with the government here who let off rich people.

 

This is like the FB stories of Mercedes and Ferrari not letting Redbull F1 having their engines due to the actions of this Thai driver. Fact is Redbull have always used Renault engines and in 2017 under the TAG sponsorship banner. The reason that both Mercedes and Ferrari will not let Redbull have their engines is a guy called Adrian Newey who is the worlds no 1 designer of F1 cars and that is a fact.

 

So look closer to home for excuses please.

Ever heard the phrase "guilty by association"?

[Dexlowe]

11 minutes ago, gandalf12 said:

Ever heard the phrase "guilty by association"?

Guilt by association.

[zakk9]

This is apparently hard to get for some:

Although registered in Austria, Red Bull is owned 51% by the Yoovidhya family. The reason for the ownership distribution is not any particular law, but is based on the agreement that was made way back when the company was established. The original ownership was 49 + 49 + 2 %, where Dietrich Mateschitz and Chaleo Yoovidhya owned 49% each and Khun Chaleo's son Chalerm owned 2%.

 

Vorayuth Yoovidhya is Chalerm's son. He has two siblings, Varangkana and Varit, so will potentially inherit a third of 51% of Red Bull plus a third of the family property that is not a part of Red Bull. That includes 50% of the Ferrari dealership for Thailand.

 

Yes, if people stopped buying Red Bull, it would affect him and his family. No, they wouldn't go bankrupt. No, I don't think most Red Bull consumers care enough to give up their favourite brand. It takes more than a dead policeman to do that. That's what the world has come to. People express their outrage on the internet, but wouldn't lift a finger to change their lifestyle. No, I don't drink Red Bull.

[pentap]

But he is Thai!

And being a rich Thai, is probably considered above the law, in the eyes of the upper class, Thai establishment.

Surely he can do no wrong?

But! Has he possibly contributed to a global 'loss of face' for Thais?

Much the same as those 100 or so illegal Thai immigrants, recently caught?

Or the heavy handed approach toward Africans by Thai immigration and police, which failed...

[janclaes47]

2 hours ago, zakk9 said:

The president of the company is Mr. Chalerm Yoovidhya (the kid's grandfather), CEO and Chairman of Siam Winery and Red Bull UK and Thailand.

So they have a dead man as president, CEO and Chairman of companies?

 

 

 

 

[zakk9]

33 minutes ago, janclaes47 said:

So they have a dead man as president, CEO and Chairman of companies?

 

 

 

 

My bad. Khun Chalerm is the kids father. He's very much alive though. The grandfather on the other hand, the Red Bull co-founder, died in 2012 I believe.

[TEFLKrabi]

While we all agree it's been a shambles up to now, this international exposure might bring this case to court finally. It's not going to change the justice system here but if one person in the HiSo circle is brought down, that's got to be a good start. Any chance the B2 case could now get some international exposure too??

[Blackheart1916]

I know this is an opinion piece, but it is way off the mark. People in the West have a very short attention span for these social media protests and boycotts, probably shorter  than what Thais do. Clicking a like button in a Facebook protest does nothing except make the clicker feel like they have done something. It does nothing. Remember the "Get Joseph Kony" online frenzy a few years back? No, didn't think so, and Joseph is still truckin' Yesterday X million cans of Red Bull were sold. Tomorrow X million cans of RB will be sold, and on and on. Tomorrow there will be a whole new scandal to protest online, probably that the one legged lesbian Albanian oyster farmer who starred in an obscure documentary got robbed at the MTV awards through discrimination and gender bias. Then the next day it will be something else, and on and on.

[Blackheart1916]

6 hours ago, ezzra said:

One pitiful and filthy rich boy put the whole Thai justice to shame and

mockery.. it is his money that prevent the authorities to treat him

like the criminal that he is? you  bet ya....

Thai "justice" was shamed a long time before this clown came along, he is another in a long long line.

[alocacoc]

6 hours ago, wakeupplease said:

RedBull is not a Thai company. Austrian entrepreneur Dietrich Mateschitz was inspired by an existing energy drink named Krating Daeng, which was first introduced and sold in Thailand by Chaleo Yoovidhya.

 

So how does RedBull or Dietrich Mateschitz become responsible for the actions of the grandson. Dietrich licensed the product from Chaleo and made it a worldwide success?

 

This is nothing to do with RedBull or Dietrich Mateschitz but everything to do with the government here who let off rich people.

 

This is like the FB stories of Mercedes and Ferrari not letting Redbull F1 having their engines due to the actions of this Thai driver. Fact is Redbull have always used Renault engines and in 2017 under the TAG sponsorship banner. The reason that both Mercedes and Ferrari will not let Redbull have their engines is a guy called Adrian Newey who is the worlds no 1 designer of F1 cars and that is a fact.

 

So look closer to home for excuses please.

Mateschitz holds 49% of the company. 51% golds the Thai Family. So yes, actually it's a Thai Company.

[saminoz]

5 hours ago, wakeupplease said:

Go check your Wikipedia set up and facts you can edit this yourself if you want to so not fact.

 

But here is the problem look at home b4 blaming others for lame ducks which is done often from some countries.

 

Wikipedia is not the gospel but if you believe it is, then do some research and you will find out it will not be accepted in a court of law.

 

Next thing I hear you say its all Ferrari's fault for selling him the car, along with PTT for selling him the petrol to fuel it along with the tyre company for the tyres on it. He is the villian along with those in government who let him get away, but if it makes you happy blame me also. Some People?

Sounds like a lame response for being caught out in a poorly researched post.

[Jane Dough]

6 hours ago, wakeupplease said:

RedBull is not a Thai company. Austrian entrepreneur Dietrich Mateschitz was inspired by an existing energy drink named Krating Daeng, which was first introduced and sold in Thailand by Chaleo Yoovidhya.

 

So how does RedBull or Dietrich Mateschitz become responsible for the actions of the grandson. Dietrich licensed the product from Chaleo and made it a worldwide success?

 

This is nothing to do with RedBull or Dietrich Mateschitz but everything to do with the government here who let off rich people.

 

This is like the FB stories of Mercedes and Ferrari not letting Redbull F1 having their engines due to the actions of this Thai driver. Fact is Redbull have always used Renault engines and in 2017 under the TAG sponsorship banner. The reason that both Mercedes and Ferrari will not let Redbull have their engines is a guy called Adrian Newey who is the worlds no 1 designer of F1 cars and that is a fact.

 

So look closer to home for excuses please.

I agree with you. The editorial spouts a dreamy nonsense based on half truths and misconceptions. The nation should be aiming wrath at the authorities in Thailand rather than putting the boot on the westerners to do their dirty work. Methinks that the nation have not really moved on from their empty news pages after a coup in the 1990s. 

[saminoz]

2 hours ago, Dexlowe said:

Guilt by association.

Or in this case, gilt buy association!

[JerryinTH]

He could still publicly go to jail. They will just pay another person to do the time for him. Happens ALL the time.. that's the last resort but don't think for a second the guy will ever be cuffed or yet alone see the inside from a prison. 

[Basil B]

His day will come, like almost all big companies at some time Red Bull will become subject to acquisition, takeover and mergers particularly if they have to borrow money, when his family lose overall control he will be kicked out the board room faster than the speed of light.

[Bangkok Barry]

7 hours ago, wakeupplease said:

RedBull is not a Thai company. Austrian entrepreneur Dietrich Mateschitz was inspired by an existing energy drink named Krating Daeng, which was first introduced and sold in Thailand by Chaleo Yoovidhya.

 

So how does RedBull or Dietrich Mateschitz become responsible for the actions of the grandson. Dietrich licensed the product from Chaleo and made it a worldwide success?

 

This is nothing to do with RedBull or Dietrich Mateschitz but everything to do with the government here who let off rich people.

 

This is like the FB stories of Mercedes and Ferrari not letting Redbull F1 having their engines due to the actions of this Thai driver. Fact is Redbull have always used Renault engines and in 2017 under the TAG sponsorship banner. The reason that both Mercedes and Ferrari will not let Redbull have their engines is a guy called Adrian Newey who is the worlds no 1 designer of F1 cars and that is a fact.

 

So look closer to home for excuses please.

 

Sshhh! Don't tell the Thais that Red Bull isn't Thai. Their fragile ego couldn't take it. Indeed, it was just a local brew until it was bought and properly manufactured and marketed by an Austrian. The Thai inventor didn't have a clue.

[daveAustin]

A boycott of Red Bull is highly unlikely. Tax dodging companies like Google and Starbucks continue to thrive regardless. Major cities in the West are awash with cash from money laundering spent on high end property. London is the prime example.

What's all that got to do with the price of fish? Whatever the monetary correlation of big business, Sergey Brin's son hasn't mown down a copper (if he could drive) and evaded justice.

This was going to turn on Red Bull eventually. His father not putting his foot down and making his evil son do the right thing earlier could have sizeable ramifications for them all.

[champers]

6 minutes ago, daveAustin said:

What's all that got to do with the price of fish? Whatever the monetary correlation of big business, Sergey Brin's son hasn't mown down a copper (if he could drive) and evaded justice.

This was going to turn on Red Bull eventually. His father not putting his foot down and making his evil son do the right thing earlier could have sizeable ramifications for them all.

I was saying that money overrides any moral considerations in many countries in the West. How seriously is anyone going to take an International arrest warrant when it is issued 5 years after the event and the "accused" wanders in and out of Thailand as he pleases?

[elgordo38]

With all the money at his disposal unless he gets a catastrophic illness he is good to go on forever much like Thaksin. Folks can you not feel the widening divide the permanent separation of the haves and have nots?

[oldsailor35]

7 hours ago, Wiggy said:

Sadly, a headline we'll probably never see in Thailand:

 

http://www.dailyecho.co.uk/news/15272017.Ferrari_driver_to_face_court_after_boy_killed_in_crash/

But who was driving, no mention of that !

[12DrinkMore]

1 hour ago, Basil B said:

His day will come, like almost all big companies at some time Red Bull will become subject to acquisition, takeover and mergers particularly if they have to borrow money, when his family lose overall control he will be kicked out the board room faster than the speed of light.

Unlikely as it is a huge privately owned cash cow.

 

With the worldwide brand name, and some 40% of the energy drink market, even a complete idiot could not run it into the ground.

[oldsailor35]

58 minutes ago, daveAustin said:

What's all that got to do with the price of fish? Whatever the monetary correlation of big business, Sergey Brin's son hasn't mown down a copper (if he could drive) and evaded justice.

This was going to turn on Red Bull eventually. His father not putting his foot down and making his evil son do the right thing earlier could have sizeable ramifications for them all.

I was told on authority that it is in fact  his mother who is the real boss in that family.

[optad]

This editorial offers a pretty strong comment on the this case. Strong opinion remains long after teh event. Not going away.

[mercman24]

do what the moto taxis do drink the 10 baht stuff whoes name alludes me at the mo.just looked in my fridge i got some bottles with a bulls head on it and a red dot. realy good stuff and about a quarter the price of that overpriced red bull