More Bad News AT Thiel


According to Ted at Strat-Ta-Gee.com Thiel is on the verge of closing. According to the Chief Engineer who was let go Dennis Crosson Thiel is done. Upper management has denied this and stated they are planning to move into the next phase. Very confusing. Looks like Classe all over again. Very interesting article on what's going on.
linnlingo
Thiel traditionally shuts down for a few weeks this time of year so it's possible they are planning to open back up but it does seem that they let their chief engineer go.  He was only with the company since 2014, though, so he's not really a Thiel guy. 

The CEO is a joke.  Judging by the facebook page she's trying to sell $700 mini speakers to trendy women.  We all know how chicks love gadgets.
Well said jon_5912. This news seems to make my 1986 Thiel CS 2's more special. I would believe the chief engineer over the CEO. Closure headlines should not be far off.  
The new Thiel management has made decisions I think are typical of the cold, unimaginative corporate guys I used to work for. They appear to know nothing about the concept, nature of a brand in history and going forward. Produce a speaker line that does not resemble the venerable products designed by Jim expecting the consumer to fall in line to buy because they bear the Thiel name.   
 
Definitely a sad turn of events for one of the most highly regarded high-end audio companies to have come down the pike...

Unfortunately, the history of this industry shows time and time and time again such entities rise up through the force of character of visionaries like Jim Thiel, but their descent comes just as quickly and sharply once that person no longer steers the ship
For Thiel lovers, a visit to the current "Thiel" website is just sad. 
It's like returning to one of the great High End restaurants only to find they are now only serving "convenient" frozen dinners.

What an awful move.


  It is very sad. But haven't seen this kind of story before in high end when a company is essentially built around one critical person? When that key person leaves whatever the reason, the company also sometimes fades from history?