The Republic has again found cause to criticize actions taken by Indy Racing League Commercial Division President Terry Angstadt. We did not anticipate this becoming a recurring theme at the Indy Idea. Perhaps this is a good time to clarify our position regarding Citizen Angstadt.
First and foremost, we do not seek his head. Terry Angstadt appears to be a fine salesman. He has executed his primary responsibility ably, striking deals with new IRL clients such as Apex Brazil, Izod and Zoom Motorsports. Our criticism is not intended to diminish these accomplishments.
Second, we do not envy Citizen Angstadt. The cost of the product he sells is greater than the price at which it can be sold. Most firms would either redesign the product to increase its market value, cut the cost of production, or exit the sector entirely. Terry Angstadt is powerless in that regard. Who at the IRL has final authority to make strategic business decisions? We do not pretend to know.
Brian Barnhart manages day-to-day operations. Tony Cotman appears to be an inside representative of IndyCar's racing team suppliers. Terry Angstadt sells what he is given. Each answers to Jeff Belskus, who in turn has been charged with the workload of multiple executives.
We wish them success and prosperity. But, as Incorruptible citizens who love the Indianapolis 500 and Indy car racing generally, we must reserve our Natural Right to criticize their actions. And so we shall continue.
Roggespierre
Tuesday, August 11, 2009
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