Rolex AD Manager fired

[jamestucker]

Emma Donaldson was the Rolex manager at Liverpool Goldsmiths and she no longer holds that position. May be a coincidence.

[zengineer]

I feel privileged to be among such an altruistic group of watch enthusiasts who would never try to sell something for what ir was worth instead of 50% of that because someone in Switzerland says they should.

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[Rolexforthewin]

I can tell you that when I went to pick up my Rolex last week, my sales rep stated there was 25 people ahead of me, for what its worth.

[clickingdru]

This isn't the full story yeah?

[Sandpit]

I'm not sure if its the same store that I'm thinking of, but I have heard of a particular store where this has happened - also in the North West of England.

[Jack T]

What’s so sacred about these lists? We’re not talking about organ donors or COVID vaccines? Luxury watches!!! Not getting one doesn’t prevent you from keeping the time. The lists are fabricated, often phantom, devised by the AD based on purely subjective assessments of their customers and availability of stock (over which they have little control)
Rolex wants no part in managing the personnel of their AD’s, nor do they want to get involved in retail sales, it’s a headache.

[Rolexatlast]

Originally Posted by Jack T

What’s so sacred about these lists? We’re not talking about organ donors or COVID vaccines? Luxury watches!!! Not getting one doesn’t prevent you from keeping the time. The lists are fabricated, often phantom, devised by the AD based on purely subjective assessments of their customers and availability of stock (over which they have little control)
Rolex wants no part in managing the personnel of their AD’s, nor do they want to get involved in retail sales, it’s a headache.

Depends on whether the Manager was taking backhanders. In the UK, bribery is illegal, and a serious criminal and legal matter for both individual and their employer

[Andad]

Originally Posted by Rolexatlast

Depends on whether the Manager was taking backhanders. In the UK, bribery is illegal, and a serious criminal and legal matter for both individual and their employer

You are a client, I want your business, I fly you to Vegas and take you to lunch, is that a bribe, a backhander?

Are the owners of Rolex AD’s happy with their discount given the $$’s to be made in the current Rolex bonanza?

I have been in sales for nearly 50 years and if this situation happened with one of my agencies serious questions would be asked.

But do I want to keep the agency or play the game?

[Jack T]

Originally Posted by Rolexatlast

Depends on whether the Manager was taking backhanders. In the UK, bribery is illegal, and a serious criminal and legal matter for both individual and their employer

One can say paying the manager directly, personally for preferential treatment is bribery; however it is, in effect, no different than being told officially one must spend, spend, spend on jewelry, other watches and accessories to be considered for a high demand watch.

One is condoned, the other is punished. In each case, it’s all so someone can put a very expensive watch on their wrist. There are more important things to worry about.

[Cambo]

Really depends on the policy/instructions of the AD owner. I own a business and if I caught any of my employees (Manager or not) taking gifts (bribes) or giving preferential treatment to someone without my expressed permission they would be out on their ear.

All IMHO

[Matty99365]

Which AD was it?

[jamestucker]

Originally Posted by Matty99365

Which AD was it?

Emma Donaldson was the Rolex manager at Liverpool Goldsmiths and she no longer holds that position. May be a coincidence.

[RDT-G23]

The word “sacked’...you Brits...

[Harry-57]

Sacked for reorganising a list? LOL!

Rolex policy? ROFRLMAO!

This is the luxury retail sector.

[VonSomething]

I don't think this classifies as a "bribe".

Bribery is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty.

[dtwer]

Originally Posted by VonSomething

I don't think this classifies as a "bribe".

Bribery is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty.

This exactly. I lol whenever people throw around words that they have no understanding.

[Cambo]

I LOL when people feel compelled to quote dictionaries while completely missing the point or context of someone's statement(s) on a forum site.

[Rolexatlast]

Originally Posted by dtwer

This exactly. I lol whenever people throw around words that they have no understanding.

and I love it when arrogance betrays ignorance

Am open to your apologies

[Cambo]

Originally Posted by Rolexatlast

and I love it when arrogance betrays ignorance

Am open to your apologies

[MiDoon]

Originally Posted by Rolexatlast

and I love it when arrogance betrays ignorance

Am open to your apologies

I can go to Facebook to find this kind of dialogue. Just sayin...

[Rolexatlast]

The Bribery Act 2010
https://www.legislation.gov.uk/ukpga...0100023_en.pdf

Section 1 states:
Section 1 makes it an offence for a person (‘P’) to offer, promise or give a financial or other advantage to another person in one of two cases:
• Case 1 applies where P intends the advantage to bring about the improper performance by another person of
a relevant function or activity or to reward such improper performance.
• Case 2 applies where P knows or believes that the acceptance of the advantage offered, promised or given in itself constitutes the improper performance of a relevant function or activity.
18 ‘Improper performance’ is defined at sections 3, 4 and 5. In summary, this means performance which amounts to
a breach of an expectation that a person will act in good faith, impartially, or in accordance with a position of trust. The offence applies to bribery relating to any function of a public nature, connected with a business, performed in the course of a person’s employment or performed on behalf of a company or another body of persons.
Therefore, bribery in both the public and private sectors is covered.

For the purposes of deciding whether a function or activity has been performed improperly the test of what is expected is a test of what a reasonable person in the UK would expect in relation to the performance of that function or activity

https://assets.publishing.service.go...0-guidance.pdf
See page 11

Section7 states that commercial organisations which fail to prevent persons associated with them from bribing another person on their behalf are committing an offence



Therefore if a reasonable person says that taking cash backhanders to give preferential treatment is improper, then that is bribery. If the company fails to stop it, then they are also committing an offence.

The real world difference (cynical view) to asking customers to buy additional jewellery in order to be bumped up the list, is that this would give the employer more profit, whereas a backhander benefits the employee

[Polar Bear]

Is there really much difference between buying so much Jewelry that your AD makes $10k in margins/commission and just giving your AD $10k in cash up front?

[Sweetswisssteel]

Would only be sacked if he was somehow harming the business. Might have just been a bad manager.

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[JDsnewwatch]

In the US you can't take a bribe. This is why they force you to spend money on useless knickknacks that are gathering dust around the shop that no one wants. If you collect a bribe, there is no tax to be collected. If you purchase c&%p diamonds, well, that's taxable so the government will look the other way.

Selling out the back door to the grey market is happening all over the place in the US. It breaks Rolex policy and I would venture to guess that the ADs arent declaring the sales on their taxes. This is where the downfall will happen.

Plenty of watches are available with none of the drama from the gray market. Just walk out of the ADs. Market saturation is a reality. (Piaget in the 1980s?) (Omega.. all the time). If you want the watch, buy the watch. Let the ADs choke on their own vomit.