NHRA roles for bankruptcy

[KRatcliff]

Originally Posted by Julie Jordan

Well I don’t think NHRA is filing bankruptcy, only rumors? Compensation is looked at in bankruptcy proceedings and adjusted if they are out-of-line for a similar sized business. Though some may think upper management of NHRA are over-compensated, when you compare to other organizations with similar revenues, I don’t think the compensation is out of the ordinary. I deal with businesses, see many W-2’s of CEO’s, etc. High 6 digits is the norm.

I don't think they are either, but I am curious if the other businesses that you view with highly compensated CEOs, CFOs, COOs,
VPs, Boards, etc....how they compare to the compensation ratio of the corresponding NHRA executives to revenues versus other ancillary liabilities.

[KRatcliff]

Maybe this would clarify where I am going with the compensation ratios a little better with the NHRA. It is fairly well known that they don't pay the track help much at all and that they seem to produce VPs like weeds. If you look at their most recent available tax returns they had been running at about a 15% compensation to revenue ratio.

But the last couple of years that are available to review they have increased that to about 20% without a material change in revenue. I would venture to guess that the 2018 and 2019 filings would reflect a percentage of greater than 20%. It is information like this along with the reduction in tech, payouts, increased entries, and other things that make the upper execs at the NHRA appear to be lining their pockets at the expense of others such as the racers.

[SStockDart]

And of course, everyone believes to other makes too much money. I've been away for a while, but a $30 per hour employee actually costs the company around $50 when figuring the costs for workers comp, social security, retirement, 401 matching, insurancex2, life insurance, osha's compliant.
So, ya want to start a company, or bitch about one.