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** Windy Wintery Wednesday 26th Chat **

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Comments

  • sammy115
    sammy115 Posts: 15,267 Forumite
    bank_of_slate wrote: »

    The son of one of the original directors (who was also named as a director but just liked the title - didn't take on the responsibilities of the position) Said at the director's meeting that night that he wanted out, he just wanted to shut the place and walk away, leaving them all out of jobs... him and his wife included.

    Was he a director AND shareholder....did he receive dividends from the company instead of/as well as salary.

    Many owners appoint children (mature) as directors/shareholders as a way of extracting funds from ltd companies....which can only be extracted from profits. If co was going to the wall they may have acted illegally (technically) and maybe thats why they were worried......

    My opinion is - if the new owner is a millionaire and he obviously knows the score he will either keep said 'director' on and make him work/earn his keep or boot his !!!! out of the door.....
    Quality is doing something right when no one is looking - Henry Ford
  • sammy115
    sammy115 Posts: 15,267 Forumite
    spud30 wrote: »
    Have you seen the film The Money Pit where Tom Hanks stands on a rug, and goes through an upstairs floor? That'll be me one day :rotfl:

    I love that film - I used to live in just such a house...:rotfl:
    Quality is doing something right when no one is looking - Henry Ford
  • becky_rtw
    becky_rtw Posts: 8,393 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Dont worry guys you should see the lovely mould on my bathroom ceiling - no hint of LL coming to fix it any time soon (they were going to paint over it but painter man broke his fingers and cant paint!) - you've got to laugh really - am paying £800 a month in rent and cant even get someone to paint the bathroom ceiling *rolls eyes and shake head ruefully*
  • bank_of_slate
    bank_of_slate Posts: 12,922 Forumite
    10,000 Posts Combo Breaker
    sammy115 wrote: »
    Was he a director AND shareholder....did he receive dividends from the company instead of/as well as salary.

    Many owners appoint children (mature) as directors/shareholders as a way of extracting funds from ltd companies....which can only be extracted from profits. If co was going to the wall they may have acted illegally (technically) and maybe thats why they were worried......

    My opinion is - if the new owner is a millionaire and he obviously knows the score he will either keep said 'director' on and make him work/earn his keep or boot his !!!! out of the door.....

    It was as well as his inflated tax free salary, tax free car and the many lump sums that have been taken out and covered up with what the Millionaire's business analyst called 'creative accounting'!

    His @ss is being well and truly booted out!
    ...Linda xx
    It's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
    We dont count all the runners ahead of us & feel intimidated.
    Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.
  • spud30
    spud30 Posts: 16,872 Forumite
    sammy115 wrote: »
    I love that film - I used to live in just such a house...:rotfl:

    It's one of my favourite films. Reminds me of this house, except this obviously isnt anywhere near as grand :D
    Is it better to aim for the stars and hit a tree or aim for a tree and land in its branches :think:
    Loves being a Wonderbra friend :kisses3:
  • becky_rtw
    becky_rtw Posts: 8,393 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    In other good news - I have my pac code and can order my N97 - whoooooooooopppppppy :D
  • sammy115
    sammy115 Posts: 15,267 Forumite
    sallyx wrote: »
    Bunster, OH sent off his CV and letter to your lady today (saying you referred him) so fingers crossed!

    You do know that Bunny spends a lot of time in the naughty corner don't you :rotfl:
    Quality is doing something right when no one is looking - Henry Ford
  • bank_of_slate
    bank_of_slate Posts: 12,922 Forumite
    10,000 Posts Combo Breaker
    becky_rtw wrote: »
    In other good news - I have my pac code and can order my N97 - whoooooooooopppppppy :D

    Que? :confused:
    ...Linda xx
    It's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
    We dont count all the runners ahead of us & feel intimidated.
    Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.
  • spud30
    spud30 Posts: 16,872 Forumite
    becky_rtw wrote: »
    In other good news - I have my pac code and can order my N97 - whoooooooooopppppppy :D

    I'd see the doc - you can get ointment for that ;)
    Is it better to aim for the stars and hit a tree or aim for a tree and land in its branches :think:
    Loves being a Wonderbra friend :kisses3:
  • sammy115
    sammy115 Posts: 15,267 Forumite
    Bunny......(and Spud) although Bunny is nearer and Spud....your daughter is quite sensible enough to babysit DS....I am MORE than happy to have your two over for one or two nights if you want a night or two away.....I promise I won't drink or fall asleep before them....:rotfl:

    (I might get DD round for backup!)
    Quality is doing something right when no one is looking - Henry Ford
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