81–90 of 270 posts
Talking about other EV startups, I wonder how much longer Aptera can remain in a state somewhere in between not having gone bankrupt and not having started production yet. They do seem to be forever inching closer toward the latter [1].
[1] https://electrek.co/2024/04/01/aptera-showcase-solar-ev-tech...
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Well, they are CEOs, and are therefore better people than the rest of us workerbees and get to operate under totally different rules.
This but unsarcastically. Linux Torvalds, Anders Hejlsberg, and other elite developers also operate under totally different rules than worker bees too. 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.
The really rich CEOs collect imaginary karma points on X ...
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Aquila Family Ventures is basically a family office that the CEO likely just oversees but doesn't run day-to-day. It's a different thing than having multiple full-time jobs like Musk.
It's a shell company used to dodge taxes, presumably? Or something similarly nefarious; avoiding liabilities or whatever. Not really a company but a legal instrument.
It's a holding company for the CEO's assets. Virtually everyone worth $10 million+ has one.
When and why did people become so conspiratorial and see boogeymen in everything they don't grasp?
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…
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The $1.7m is being paid to the family holdings of the CEO to rent the jet already belonging to the CEO for the CEO. Plus an additional $1.7m to the same holdings for "support services."
That’s the actual story. It’s a bit boring though. The rest is bs clickbait.
Seems like straight up embezzlement.
I should quit my job and become a CEO, seems like a pretty sweet gig.
The money would probably be nice but I suspect a lot of people here would hate the amount of travel and the degree of scheduling morning, noon, and night that the CEO of any size of company has.
I mean there's a reason they didn't do it, because they couldn't.
> 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.