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Re: deafelephant post# 22573

Sunday, 04/29/2012 8:24:53 PM

Sunday, April 29, 2012 8:24:53 PM

Post# of 80876
Are you serious?

1. Multiply the bonus by three since Cory and Jeremy received it as well.

2. Not a bad deal for Jeremy since he didn't even work there for half of the year.

3. Gross margins are 35%. So sales go up $17 million but the net was only $5.95 million. From there they gave themselves $4.98 million in bonuses. That leaves less than a million for EVERYTHING else.

4. The company lost $23 million dollars.

It is impossible to justify the bonus.

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