|
![]() |
#8 | |
Senior Member
Join Date: Apr 2008
Posts: 872
Likes: 1
Liked 502 Times in 130 Posts
|
![]() Quote:
Officers get to PG(personally guarantee for those that aren't familiar with the ways of the sub 25 million dollar company world) Additional security in the form of a mortgage on their real property...........I think that an amount equal to 5 times last years compensation(in all form, pay, stock, benefits) should be enough to focus them and keep them focused. So if you are Delta, and you really, really think you need the loan, and have exhausted all of the other forms of $, as the CEO, you'd be looking at a what 70 million dollar PG and lien. That should keep them focused and get that loan repaid ASAP. Default and the IRS will repo that fine country estate....... Also, to be fair, and perhaps now is the time, CEO's shouldn't be earning more that 10X the lowest paid employee. Off my soapbox, and back to trying to find small businesses that I understand, can justify the investment in and can aquire at a non-stomach churning price! If that might be yours, PM me. Eric
__________________
Eric Merryfield 1883 STK Last edited by Eric Merryfield; 03-24-2020 at 10:27 AM. Reason: other thought |
|
![]() |
![]() |
Liked |
Thread Tools | |
Display Modes | |
|
|