02GF74
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 posted on 15/10/10 at 01:50 PM |
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Whooops .... bad choice
Harry Mundy, who designed the twin-cam development of the engine for Lotus, was offered the choice of payment for his work of £1000 cash or a royalty
of £1 per unit.
Knowing Colin Chapman's reputation in financial matters and the fact that he'd never made 1000 of anything, he took the cash.
The twin cam went on to 55,000 units.
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loggyboy
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| posted on 15/10/10 at 02:11 PM |
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Been Wiki 'ing?
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blakep82
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| posted on 15/10/10 at 02:24 PM |
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ooh
how many sold before he died i wonder?
________________________
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don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
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scootz
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| posted on 15/10/10 at 02:26 PM |
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Always take the money and run!
It's Evolution Baby!
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Paul_C
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| posted on 15/10/10 at 03:34 PM |
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I read that it bought his wife a new fur coat in those politically incorrect times.
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g.gilo
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| posted on 15/10/10 at 03:43 PM |
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harry mundy
i had the pleasure of meeting harry and lofty england at a talk they did in a local pub, back in 1970 / 71. he brought up the matter of the cash or
royalties then.
he was upset 40 years ago?
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designer
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| posted on 15/10/10 at 06:26 PM |
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The bloke who played trombone on the original Coronation Street theme took 7s 6d (37p) instead of royalties.
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Ninehigh
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| posted on 15/10/10 at 07:05 PM |
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And the moral of the story is take the royalties
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wilkingj
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| posted on 15/10/10 at 08:04 PM |
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The original star trek crew all took royalties and made a mint all except one, who took the money.
I think it was Mcoy the Doc who did badly out of it.
You cant win them all, all of the time.
1. The point of a journey is not to arrive.
2. Never take life seriously. Nobody gets out alive anyway.
Best Regards
Geoff
http://www.v8viento.co.uk
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RazMan
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| posted on 16/10/10 at 09:16 AM |
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quote:
Originally posted by wilkingj
The original star trek crew all took royalties and made a mint all except one, who took the money.
I think it was Mcoy the Doc who did badly out of it.
You cant win them all, all of the time.
That's life Jim, but not as we know it 
Cheers,
Raz
When thinking outside the box doesn't work any more, it's time to build a new box
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MikeR
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| posted on 16/10/10 at 12:09 PM |
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similar story with Alec Guinness from Star Wars - although i can't remember if he got cash up front or royalties....
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