Quote:
Originally Posted by hammer
Dave Haynie commented on Irving Gould's very high salary package in the millions.
|
Yes, and he was worth it. Without Ali the banks would be calling in their loans and Commodore was toast. Ali was also responsible for getting the engineers off their butts to make products that might actually sell. Of course Dave Haynie didn't like that, but he didn't know anything about finances and didn't understand the precarious situation Commodore was in. If Ali couldn't convince the banks that he could turn it around then that was it for Commodore.
BTW when things turned bad both Gould and Ali took big salary cuts. Gould also sold his corporate jet to raise more money. Neither of them wanted to sink the business.
Quote:
|
Commodore Netherlands has a large-scale corruption that affected triple digits of millions. David Pleasance commented on this issue.
|
Yes, and there was a lot of corruption, waste and inefficiency in other areas too, as is common in large businesses that have been going for a long time. I've worked for a government department and several private businesses, and can tell you a few stories. Even my own business wasn't immune. This kind of stuff is the rule, not the exception.