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-   -   It's Good Work if you can find it. (https://classracer.com/classforum/showthread.php?t=37995)

Colesy 12-29-2011 08:27 AM

Re: It's Good Work if you can find it.
 
1 Attachment(s)
Here is the financial statement for the NHRA from 1963. For the complete article, click on the link.
http://www.colesy-juniorstockforum.c...start=10#p3901

MEXJOE 12-29-2011 11:11 AM

Re: It's Good Work if you can find it.
 
What I'd like to know is how much Rick Stewart was payed?

What; with his over acting, fllaying arms, finger pointing, screaming an hollering,
not to mention the "always professional" finger across the throat (for the you can't run now symbol).
After seeing PART of the financial statement.....
I can believe WE!! had enough money left to cover the wage demand of such an epic
clown!

Bruce Noland 12-29-2011 02:08 PM

Re: It's Good Work if you can find it.
 
Bill, They only have to report the income of the highest earner from each department. The above info is just base salary info plus some sort of retirement contribution by nhra. These numbers do not include some very nice first class perks.

A100 12-29-2011 06:26 PM

Re: It's Good Work if you can find it.
 
Quote:

Originally Posted by Bruce Noland (Post 301320)
Cohen and Clapp joined the Board on December 9, 2010. They are listed as working 1 hour a week. It is probably too early to tell if they are receiving compensation.

Cohen is a partner in Morrison & Foerster LLP, a major national and international law firm.

You wonder if the conversation might have gone like this.

I heard NHRA may have a little IRS problem. If you put me on the board of directors I'll work for peanuts if you hire my law firm.

bill dedman 12-29-2011 08:15 PM

Re: It's Good Work if you can find it.
 
Thanks, Bruce. Being a non-profit, I would think that their entire financal picture would be open to scrutiny, but that's probably not true.

hookdaddy 12-29-2011 08:22 PM

Re: It's Good Work if you can find it.
 
Drag Racing Online publishes the NHRA's tax return every year - here's a link to their 2009 return http://www.dragracingonline.com/anal...returns-1.html

Bruce Noland 12-29-2011 10:27 PM

Re: It's Good Work if you can find it.
 
Quote:

Originally Posted by A100 (Post 301437)
Cohen is a partner in Morrison & Foerster LLP, a major national and international law firm.

You wonder if the conversation might have gone like this.

I heard NHRA may have a little IRS problem. If you put me on the board of directors I'll work for peanuts if you hire my law firm.

Mr. Cohen is a most excellent Tax Controversy lawyer. His clients usually have very serious tax issues and need a heavy weight to protect them. nhra staff probably approched him and at a later date it was decided by all parties to put him on the Board. It seems unlikely that he was put on the Board because nhra wanted some adult supervision.

Ed Fernandez 12-30-2011 01:33 AM

Re: It's Good Work if you can find it.
 
Bruce,what happened to their first fiasco?Did they buy their way out or is it still pending?

Bruce Noland 12-30-2011 01:31 PM

Re: It's Good Work if you can find it.
 
Ed, I have not heard anything new. I guess nhra will issue some sort of statement if and when there is news.


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