Gibson Goes Bankrupt

This was my business card way, way back in time. Telephone number and address is long gone. I elected to use my Gibson Les Paul as part of my calling card. My 1976 Les Paul was my first good electric guitar. Purchased over 40 years ago now. A Les Paul was a player’s guitar.

The brand really meant something to me back then. And perhaps it might mean something again in the future.

Things do need to change at Gibson. My observation from a post I had written about Gibson going down back in February:

Other than being a financial basket case and making shoddy guitars with a nasty CEO and disengaged employees, everything else is going well at Gibson.

From Bloomberg’s release on Gibson filing for bankruptcy:

Juszkiewicz, who has found himself at odds with creditors in recent months, will continue with the company upon emergence from bankruptcy “to facilitate a smooth transition,” according to the agreement. Court papers call for a one-year consulting deal and compensation package for Juszkiewicz. A representative for the company didn”™t respond to questions about whether Juszkiewicz will remain as CEO or in a separate role.

Getting rid of Juszkiewicz would be a great start in trying to restore the Gibson brand.