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6. The Value of Petitioner's Stock Held by the Grecco Trust
The parties agree that the fair market value of the Grecco
Trust's 50 shares of petitioner was $189,300 as of June 30, 1988.
7. Grecco as a Potential Competitor
In 1988, Grecco was 44 years old, in good health, and had
more than 20 years' (9 with petitioner) experience in the nuts,
bolts, and fasteners distribution business. Grecco's primary
responsibility before she left petitioner was buying inventory
and dealing with suppliers. Previously at petitioner and at her
prior jobs in the industry, she had been responsible for buying
inventory and taking telephone orders from customers.
Grecco knew petitioner's customer base, its pricing, and
materials sources. She had good rapport with vendors. She took
some sales orders over the phone, but she was not directly
responsible for sales when she left petitioner. She also worked
to collect accounts receivable.
Grecco organized fishing trips for some customers and
attended an annual company open house, but she had little direct
contact with most customers when she left petitioner.
Grecco substantially contributed to petitioner's success.
She still lives in the Portland area.
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