Originally Posted by
gloopy
But 50% was defined as 48.5%. After 4 years they couldn't even honor the low end.
True.
Although, to be fair, they weren't even at 50% when they signed the agreement (if my memory serves). They agreed to that level based on overly-optimistic predictions. It cost them $30,000,000.
I don't know the costing numbers, so I won't comment yet on whether that penalty was appropriate.