In the unfolding saga between Seven and their former chief sales and digital officer and newly appointed CEO of Ten, James Warburton, the court has been told that the Seven Media Group would suffer “unquantifiable loss” due to the “valuable inside knowledge” Warburton has.
In an affidavit presented in court, Seven’s commercial director Bruce Williams made it quite clear, the concerns they have over commercially sensitive information Warburton was aware of.
“I am very concerned, given the breadth and depth of Mr Warburton’s knowledge of SMG’s operations, strategy, client relationships and financial data, that if he were to commence employment with a competitor such as Ten prior to 14 October 2012, it would be impossible for him to divorce his mind from that body of information.
“At the same time, SMG would likely suffer unquantifiable loss, as sales revenue would be put at risk by the valuable inside knowledge at Mr Warburton’s disposal, giving him an advantage in his negotiations on behalf of a competitor of SMG.”
Warburton is due to start in his new role as CEO of Network Ten on the 14th of July but Seven is attempting to block the move, claiming his previous contract prevents him from starting work elsewhere until October 2012.