Claim Check Always: Stemerman's 'Payday Bob' Ad Crafty But Lacking Context
When one company buys out of the assets of some other company with accurate documentation of awful company methods, it is typically purchasing responsibility for the liabilities, too: all of the debts, most of the legal problems, all of the misdeeds associated with past.
But just what about whenever an administrator gets control of the utmost effective task at a troubled business? Does he or she assume instant, individual fault for the outfitвЂ™s unethical company behavior? Will there be any elegance period to wash shop?
That philosophical concern resounds within the ad that is latest from gubernatorial prospect David Stemerman in the continuing marketing fight with fellow Republican Bob Stefanowski. In вЂњPayday Bob,вЂќ Stemerman attacks StefanowskiвЂ™s tenure as CEO of Dollar Financial Corp., which operated a chain that is huge of shops in Britain, Canada and elsewhere вЂ” and got in big trouble for mistreating clients.
вЂњBob Stefanowski calls himself Bob the Rebuilder,вЂќ StemermanвЂ™s advertising starts, discussing a Stefanowski that is past advertisement. вЂњThe truth is, Bob went a payday-loan company вЂ” the sort that is illegal in Connecticut.вЂќ
That intro is actually real. Connecticut legislation will not especially bar pay day loans by title, but state statutes restrict the attention and charges that Connecticut-licensed loan providers may charge, effortlessly outlawing firms that are such. (A loophole permits storefront business online payday loans South Dakota owners to arrange pay day loans through loan providers certified various other states, but that is another story.)
Plus itвЂ™s not unfair to state that Stefanowski вЂњranвЂќ a payday financial institution, though he demonstrably wasnвЂ™t behind the counter drumming up business. Likewise, as the advertisement features a phony image of a small business using the name вЂњBOBвЂ™S PAYDAY ADVANCES,вЂќ many viewers will realize that is certainly not meant in a sense that is literal.