A little research suggest that for $249.00 per month, TIVUS gets the following:
-Use a Regus Virtual Office to project the best possible first impression to your clients. A great corporate image at a fraction of the cost of running your own office.
-Professional business address to use as your own
-A dedicated local phone number and receptionist to answer in your company name
-Mail collection and handling
-Two days of private office access each month in your home center
-Free businessworld gold card giving discounts on Regus products and services, plus unlimited access to 1200 business lounges and cafés worldwide. Perfect for when you need to touchdown or have informal meetings
Just my opinion, but I think this is thrifty. For about the cost of what you would have to pay someone to answer the phones for a 40 hour week, you get everything above. And we don't have to pay insurance, taxes, and benefits to anyone. And the entire cost is Tax deductible. This does not provide proof that SP is still a client there, but It does instill confidence that SP is taking at least some opportunities to be thrifty with our money.
That aside, it still does not address why he can't take a couple hours and set up a conference call with shareholders. I get that PR's are expensive, but come on lets get real, we are paying SP $64.90 an hour($135,000 / 52 weeks / 40 hours per week), and when he is directing personal calls to individuals at over $129 an instance, (2 hours to R3 yesterday) how long before the cost of this measure really outweighs the benefit? I don't know about you all, but I am not crazy about the idea of paying anyone $65.00 an hour to talk on the phone unless it is going to generate at least 10 times that amount in revenue. I will go out on a limb here, and speculate that R3 did not turn around and set $1290.00 aside to invest in TIVUS stock as a result of that phone call. Please stop wasting our money. I know we can find better ways to get every ounce of worth out of our dollars.
Some of you old timers, can anyone tell me how the CEO's Salary was arrived at? I am having a hard time in my mind justifying why we are paying this kind of a salary, with the results we are getting. Everything I read suggest that CEO salary for start up company should be based on 5% of net value of the company.
Honestly, I have no problem paying a guy like this if he is producing something and increasing value. If that is the case, show me the evidence. but spending $120 of our money on a phone call without proven results is not what I need to see.
