Quote:
Originally Posted by Due
could someone explain to me how walking away with 100 millions us considered a failure? I'm guessing that his problems in Germany should not cost more than 20/25 million in settlement. I'm guessing it's settled already which is why we see a buyout now
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I was thinking the same thing? The guy wrote NATS but I doubt he had a 100 million to buy in with and he is leaving with 100 mil plus 200 mil owed and after just 4 years. Only on GFY is that being forced out, blah blah blah.
Not sure if anyone has put this together as obviously Mike South didn't - His tax problems stem from his corporation. I don't remember the details but it was something to do with how he was paying the German workers out of Cyprus and got bigger from there. They didn't arrest him and 3 other guys. They didn't arrest the CEO or CFO etc. On paper at least the buck must look like it stops with him.