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Re: Bye, bye TAS...

Posted by tmartin on March 6, 2007 at 14:15:15:
Chris Martens, one of the TAS editors, just informed me of this thread. In case it is helpful, I thought I should share our approach to this problem.
My understanding is that Jonathan Valin moved some time ago to a new home. During the move, he had help from friends, and he let one of them borrow some cables that were in a box of extra cables that he had. This was as a thank you for help with the move. Unfortunately, some of the cables in the box were on loan from manufacturers, including Nordost. Clearly, such a loan should never have been made under those circumstances.
To add insult to injury, the friend decided to sell the cables. Nordost wisely tracks such sales, and traced the cables being sold to a TAS loan. At this point, Nordost contacted TAS, and we reimbursed Nordost for the cables.
As I understand it, the central element of this is an unfortunate, ill-advised but not malicious mistake. We have discussed the matter at length with those affected, republished our policies on equipment loans, established new methods for tracking equipment, and inflicted appropriate financial consequences. In our small company, we each make mistakes, and to me it seemed inappropriate to take more severe action than we have. Maybe weâ€™re too human, but on most days its looks like the world could use an extra dose of humanity.
Audio is a special hobby and a business full of interesting and admirable people, many of whom are our friends. I would like to extend our apologies to any readers or industry members who have been affected by this.
Thomas B. Martin
CEO
Absolute Multimedia, Inc.