Replies to post #152312 on Winning Brands Corporation (WNBD)

[GodsWatchingYou]

Replace him with a cheaper model

"So His Pay is eating up 64% of what's coming in... "

[Q-potential]

I like the calculations but.....

......all that gets left in the dust when we land the Lowe's account. Once that goes through, many other national, and international, accounts to follow. Based on the forward-looking sales numbers for the first 6 weeks of Q4, you can already cut your numbers in half with just 1 quarter of growth. Then, when a national account is added, you can move the decimal point over on top of that. All that comes after that even further reduces those figures.

[ORCA]

Takis wants to replace Eric with Takis as CEO position.I will take 3k $ a month until sales get in to millions.Also I will take price up in to CENTS area.Within weeks.What do you guys say??
I can still keep Eric in the company for 1,500$ a month Pay.

[solarflux2]

I don't really care what the guy gets paid, it's only a concern for me because potential investors might see it as being a little on the high side. Either way, it's old news at this point.

I look at it from two different perspectives: in terms of sales and in terms of position. In terms of revenue, his salary is comparatively high at the moment. In terms of position, 120k per year is chump change for a CEO to be making.

Now when this company starts posting 1-2 million dollars a year in revenue, 120k isn't going to seem like much. When you run a business, 30% or lower is a reasonable budget for labor, and that number is typically a percentage of net sales, not profit.

[Serenity]

Great breakdown. Puts it all in perspective. So E takes in 64%..then add in all of the people whom he has taken on lately plus what Lorne makes...it's no wonder they can't afford to PR anything.