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Re: MikeLandfer post# 13596

Monday, 12/31/2012 1:31:44 PM

Monday, December 31, 2012 1:31:44 PM

Post# of 27590
Subway has a proven record. The first day you open you have revenue. What does Racing Limos have? IMO Jim should have taken more time to grow this company and prove it can make money. Instead he failed at his own business plan then took the company public. By doing so he is able to pay himself a salary that is not worthy of his performance, pay himself rent, expenses, and anything else he wants all on the backs.of.the stock holders. Talk to current and past owners of.the franchises, you will.find their locations do not pay enough for.them to receive a salary enough not to have a second job. You use the example of Subway, there you have a company that was a proven succes enough to duplicate so they could franchise, the was proven again to go.further. seems IMO this CEO has it backwards.
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