|
|
|
|
|
by helpfulContrib
747 days ago
|
|
I mean, I am not trying to justify this, but isn't this happening because "Owning Corporation - Event Fund" is channeling money from different sources than "Employee Payroll Financing Structure"? Like, its not just one big account/corporate structure that allows for sending money from the party account directly to employees? I of course am not justifying this - but someone has to be. There is a corporate structure in place, which isn't at all transparent, it seems, which allows for slush, and it all starts with the tax man, doesn't it .. the rock concerts are probably a writeoff for .. someone .. |
|
I think it basically is one big account. At the end of the day it's the total revenues minus the total expenses that gives the total profit, and that profit is used for stock buybacks or dividends or acquisitions. Sure they track revenues and expenses for different areas separately, but since it's one company, it's really all one big account and they can and do give money from one area to another area as needed.