Kimball threatened to leave if ATK did not give him a lifetime contract and more money.
Though ATK never agreed to Kimball’s demands, the company sought to continue to keep Kimball in his role as the creative leader and its public face, making good faith efforts to sign him to a contract to stay.
In an e-mail from Eliot Wadsworth to Kimball, Wadsworth stated, “It is inconceivable that any board could seriously consider offering a no cut contract . . .”
Kimball demanded an increase in pay, causing Wadsworth to write, “Your request for more money absolutely astonished me. You presently take home 25% of every dollar this company earns, and that does not include the value of your equity or your sale interest.”
Wadsworth added, “Re: a contract for your continued service, I should say that we want to enjoy the benefits of your unique gifts for as long as they are available. As the same time, it will be obvious to you, as it is to me, that there can be no contract that commits absolutely and without condition that you run the business for as long as you want.”
Kimball threatened to leave ATK if his demands weren’t met.