This is getting interesting. What is going on
with these partner contracts? This is the second time
it has been brought up on this board. Surely they
have to be on the level. Why would a company screw
with the guys or gals who run the stores? It doesn't
Just got back from a meeting in the Smokeys. Was
able to witness one of the managers of the Maryville
store arrive on Sunday morning @ 10:30. Parking lot was
full of red shirts, wonder what the salad bar looked
like at 11:00 ??
R2k, you say you won't check this
till later, but a word to the wise. I wouldn't talk
about salaries and bonuses on this board. Those
contracts were not designed for you to make all that money.
You get a DO that has enough pressure on him to "
improve his area " he may just get rid of you and put a
rookie in making 35k and no chance at any bonuses for at
least a year. That's a saving of 55k to his PI line. Do
that a couple of times and that figure really grows.
You are probably reading this saying " I've been with
them for over 5 years, they wouldn't do that to me."
Well, let me inform you, THEY already have-- many times
over. Seniority means nothing to them except that you
make too much money. Brag to your Mommy, not us. Watch
have a nice day
He has over 250,000 shares which he is the
beneficial owner of, but which are nothing more than options
in the money.
Had only glanced at the
disclosure, didn't read the footnote, which indicates he
actually owned around 50,000 or so shares.
And if he doens't think the stock is an
attractive investment then why the hell should someone
without any inside knowledge think so.
As to the
fellow wanting intelligent conversation go back to when
Buford was posting and read the posts. Ruby's is playing
games with the franchise gains, and if they aren't
willing to be upfront with the obvious then why should
earnings mean anything. Call them and ask them how they
booked they Pepsi exclusivity fee a few years back,
contrary to what their auditors said was the correct way
to book it over time, but hey, pump up the earnings
and book it all at once. And didn't they just change
over to Coke, what do you thing they did this time.
than 15% off the top and options given to you.
That is a perk all partners, Gms and managers have
received, and continue to receive. In my five years with
the co, I have dished out about 25k in cash and
received back almost 100K, not to mention 250k in salary
and another 200k in bonus. That isn't bad for a
managing partner. Astute investor or not, it changed my
life. I must just be a better partner than those that
As for astute investing, you all could
sell and get a life and move on but for some reason
you just like to bitch. P.S. I gotta stop checking
this board daily, way too much what if and maybe
stuff. I'm going back to an occasional check back so
I'll see you folks next month some time.
same case. I was told after the initial
depositions that RT's side was damaged pretty good by the
regional financial analyst a former director of operations
who represented them. There was also not much proof
of any wrongdoing by the partner.
Gadsden being such a blue collar town this may set a
precedent that will rock the house.
production request that you mentioned may be followed with a
few more depositions and the court date is expected
for early June.
Any leads out there on the
given your numbers you made a return of about 33% over a period of at least two plus years. Would have done better with an index fund, but you don't strike me as an astute investor, so go figure.
have an excellent forum to clear up all the
questions with their quarterly and annual SEC filings, and
in my opinion, they are required to make adequate
disclosures which they have not.
But thats alright,
the first case is a state case in Gadsen, a decidely
pro-employee, union town where the largest employer just let go
a lot of employees (and potential jurors).
don't think they are going to take well to those
shenigans the boys played with that benefit money a couple
of years back. And I hear that document production
request is a bear, but then again the contract was
terminated for something like not following accounting
policy (guess ya'll left that door open a little too
wide guys) so we will just have to see how that
partner measures up against what you consider to be
I came from the "big 5" also,
you think Russ and Frank learned those neat tricks
from Haskins and Sells, and from Ernst and Young?