51–60 of 270 posts
Earlier quoted context omitted.
A former president only stayed at properties owned by his company, billing the government millions in extra overhead. His voters love him.
And they say “if you don’t like it, leave!”. And so now we live in New Zealand.
The headline is relatively clickbait-y. Its double their revenue because their revenue is basically 0. Their actual expenses are hundreds of millions, of which this 1.7 million is a drop in the bucket. Once their upfront expenses are paid they will (presumably) be making hundreds of millions/billions in revenue, which means this 1.7m is not particularly important. You can talk about standard complaints of CEOs with p…
It’s also worth noting the projected revenue for 2024 is 50-100M.
Earlier quoted context omitted.
It’s fine for anyone to have multiple concurrent jobs as long as all their employers know about it. Hiding things is where people get into trouble (and not just with jobs).
This is a totally fair point. The incongruity arises for me in that if I said in a job interview process that I'd be continuing to hold another position while adding this one, I'd get laughed out of the room. If it's critical that rank and file guys don't have divided time or loyalties, why is the standard different for the single person most responsible for success or failure of the company?
Tony Aquila is the CEO of both companies - Canoo and Aquila Family Ventures. I'll never understand why it's okay for CEOs to have multiple concurrent jobs, while one of the biggest fervors of the pandemic was when employees were found to have... multiple concurrent jobs.
Well, they are CEOs, and are therefore better people than the rest of us workerbees and get to operate under totally different rules.
No, we're not on the same footing as a CEO candidate or 10x developer. Anyone who is sure as heck wouldn't be wasting their life collecting karma points on HN.
Earlier quoted context omitted.
It’s fine for anyone to have multiple concurrent jobs as long as all their employers know about it. Hiding things is where people get into trouble (and not just with jobs).
This is a totally fair point. The incongruity arises for me in that if I said in a job interview process that I'd be continuing to hold another position while adding this one, I'd get laughed out of the room. If it's critical that rank and file guys don't have divided time or loyalties, why is the standard different for the single person most responsible for success or failure of the company?
"act as Treasurer for my local church"
I'd get…?
Earlier quoted context omitted.
A former president only stayed at properties owned by his company, billing the government millions in extra overhead. His voters love him.
I'm not fan of the guy by any measure, but how is this any different than the government paying to make any president's existing properties places where a president and his massive entourage can stay? It's been done by every president I can remember aside from maybe Clinton because I don't remember him having any significant places.
An added bonus for Trump was that his properties were also accessible to the public, so he got to make extra $$$ from people who wanted to stay close to where the President was. No previous president had that kind of an arrangement.
> Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO (Tony Aquila), for use of an aircraft. In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated. Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft. I'm surprised there are any employees left at the company.…
A former president only stayed at properties owned by his company, billing the government millions in extra overhead. His voters love him.
The headline is relatively clickbait-y. Its double their revenue because their revenue is basically 0. Their actual expenses are hundreds of millions, of which this 1.7 million is a drop in the bucket. Once their upfront expenses are paid they will (presumably) be making hundreds of millions/billions in revenue, which means this 1.7m is not particularly important. You can talk about standard complaints of CEOs with p…
> Canoo reimburses Aquila Family Ventures, an entity owned by the CEO, for use of an aircraft.
Tony Aquila is the CEO of both companies - Canoo and Aquila Family Ventures. I'll never understand why it's okay for CEOs to have multiple concurrent jobs, while one of the biggest fervors of the pandemic was when employees were found to have... multiple concurrent jobs.
That's what he's doing, albeit in a more complex situation and likely higher wealth bracket given he sold his last company for $Bs. The only thing that strikes me as odd about it is calling oneself "CEO" of the family office. I don't know what title is customary but CEO seems out of place. If it said he was "Chair" of the Aquila Family Ventures family office or something it would stand out far less.