Potential conflict of interest? We’ve dropped this low?

Discussion in 'Politics' started by AugustaGator, Jan 17, 2019.

  1. AugustaGator

    AugustaGator Junior Member
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  2. Gator Fever

    Gator Fever Senior Member

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    I don't see a legal issue with it.
     
  3. AugustaGator

    AugustaGator Junior Member
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    Fiduciary obligation to corporation is compromised.
     
    • Gator By Marriage

      Gator By Marriage A convert to Gatorism
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      As Jerry Seinfeld might say: "Neumann!"
       
    • Bushmaster

      Bushmaster Well-Known Member
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      Not unless the rents are above fair market.

      I do the exact same thing. I own the building my partnership rents from. This is actually the most common arrangement by far.
       
      • Concrete Helmet

        Concrete Helmet Hook, Line, and Sinker
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        Same here but our Partnership(investment company) owns the building our other business rents....
         
      • Politigator

        Politigator L-boy's Cousin
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        Sure, for a publicly traded company or one with many shareholders it could very well be a conflict. For ansmall privately held with limited Coowners not really a big deal.
         
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        • AugustaGator

          AugustaGator Junior Member
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          Exactly.
           
          • Bushmaster

            Bushmaster Well-Known Member
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            Not sure what part of fair rental value is escaping your attention. That has not been shown in this thread.

            Also, if this is a publicly held company, a financial statement audit is required. As part of that audit, related party transactions must be disclosed to include an assessment on the business reason for the transaction and whether the transaction is considered arms length.

            But please, do not let the fact that you are both talking out of your ass keep you from the outrage.
             
            • Detroitgator

              Detroitgator General Factotum
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              I do the same as you and Crete... i find the people that live in the land of theory vs. the land of actually amusing now... you, Crete, and I are running "schemes" and cheating the system by doing this... heard it here a million times from the land of theory people. ;)
               
              • AugustaGator

                AugustaGator Junior Member
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                This is public company vs private. They have public debt and planning on going public.

                In land of actual, this is how pensions get ****ed.
                 
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                • Concrete Helmet

                  Concrete Helmet Hook, Line, and Sinker
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                  Does that land of theory include interest paid, improvements, special assessments, restrictions, upkeep, ridiculous local fees for being in a Historical district, permitting fees to even wipe your ass, while keeping Environmental locals happy by NOT being able to pave more of YOUR property to accommodate required parking and paying code enforcement fines when you put rocks down instead :lol:.....Oh, I almost forgot about paying the property tax.....That sounds alot like the Land of "You didn't build that":lol2:
                   
                • Bushmaster

                  Bushmaster Well-Known Member
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                  Nothing you posted matters. Companies have to have places to do business, someone has to own those places of business.

                  Pensions get screwed because they are defined benefit plans and companies can't afford them.
                   
                • AugustaGator

                  AugustaGator Junior Member
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                  :crazy:

                  This has nothing to do we renting property. This is about arm's length transactions and pushing off long-term leases at the height of market.

                  Pensions get screwed because they get these BS leases that can't be sustained.
                   
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                  • Concrete Helmet

                    Concrete Helmet Hook, Line, and Sinker
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                    Conversely if the company can't sustain profitability don't pensions get screwed too...
                     
                    • AugustaGator

                      AugustaGator Junior Member
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                      They are supposed to be funded with other cash flows devices.

                      401ks are the next pension.
                       
                    • Concrete Helmet

                      Concrete Helmet Hook, Line, and Sinker
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                      I'm certainly no expert but aren't all commercial leases usually long term...some between 20-50 years?
                      Most large businesses are in fact leaseholders themselves(not in the same name)....Ray Kroc was never really that interested in hamburgers...it was owning the real estate that was the goal....
                       
                      • Gator By Marriage

                        Gator By Marriage A convert to Gatorism
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                        Reminds me of an old joke:

                        Kid: "Dad, what's the difference between 'theory' and 'reality?'"
                        Dad: "Well son, I'll give you a real life example. Go ask your mother if she'd sleep with the guy next door for a million bucks."
                        Kid (a few minutes later): "She said she would."
                        Dad: "Now go ask your older sister the same question."
                        Kid (a few minutes later): "She said she would too."
                        Dad: "Well, there you have it son."
                        Kid: "I don't understand"
                        Dad: "In theory, we are sitting on two million bucks. In reality we are living with a couple of whores."
                         
                        • Detroitgator

                          Detroitgator General Factotum
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                          • Detroitgator

                            Detroitgator General Factotum
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                            (my comment wasn't really directed at you... ;) )
                             

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