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Let the ruling classes tremble at a Communistic revolution.” “They openly declare that their ends can be attained only by the forcible overthrow of all existing social conditions. “The Communists disdain to conceal their views and aims,” Marx declared in his famous manifesto. This brazenness, one could argue, is baked into the Communist psyche. Karl Marx might not have been a very good guy, but he was refreshingly candid about the aims of Communism. He also made several changes on the team's administrative staff.One of the remarkable things about The Communist Manifesto is its honesty. Smith dismissed coach Mike Munchak and hired Ken Whisenhunt to replace him in January 2014. Since taking over as president/CEO in October 2013, Smith made numerous changes and recently promised more, which made the timing of his retirement unusual. Smith reiterated on Friday there are no plans to sell the franchise, which Bud Adams founded in 1960 as the Houston Oilers. I think our team is headed in the right direction." Everyone is proud of our ownership position.
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I think the future is bright for the team. I will be 64 in a few weeks and I want to spend my energy where it's needed most," Smith said.
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Sources indicated the demands of both jobs made things difficult for Smith. He also serves as president and chairman of publicly traded Adams Resources and Energy, Inc. On Friday, Smith told The Tennessean he was retiring because of the demands of the position and health concerns. Amy Adams Strunk and Kenneth Adams IV, who is on the team's board of directors, are also scheduled to attend the owners meetings, sources said. Underwood, scheduled to attend NFL owners meetings in Arizona this week, also was unavailable for comment. Tommy Smith and other family members could not be reached for comment on Sunday. On Friday, the Titans installed former team executive Steve Underwood to serve as interim president until a permanent replacement is selected. The family of Adams' deceased son, Kenneth Adams III, also has one-third ownership - his grandsons, Kenneth IV (11 percent) and Barclay Cunningham Adams (11 percent), and their mother, Susan Lewis (11 percent).Īccording to league sources, there was no longer a consensus among ownership that Susie Adams Smith should be the controlling owner, which contributed to Tommy Smith stepping down. Susie Adams Smith and Amy Adams Strunk, daughters of Bud Adams, have 33 percent ownership each of the parent company which owns the Titans. The NFL signed off on the provisional agreement unless other owners withdrew their consent. "Bud" Adams, was named the team's chief decision maker following the death of the long-time Titans owner in October 2013 and after other family members appointed Susie Adams Smith, his wife, as controlling owner. Tommy Smith's decision to retire as CEO of the Titans was made in part because of an apparent shift in thinking within the family-owned NFL team, according to sources familiar with the situation.Īs a result, the Titans are looking for a new president/CEO who will be based in Nashville after the Houston-based Smith served just 17 months on the job.