So the shareholder funded a jaunt to Amsterdam for two managers…to deliver a fifteen minute, 12 page presentation…on conceptual, notional, theoretical, and irrelevant fluff.
- Airfare ~ $3,000 x 2 = ~ $6,000
- Accommodation ~ $1,500 x 2 = ~ $3,000
- Transport/Meal/Conference fees = ~ $3,500
- Incidentals = ~ $500
TOTAL = ~ $13,000
It’s only a rort if you’re not in on it !!
IMO DYOR
Ann: Fastmarkets Presentation, page-64
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