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| New Money brings out the beast! | |
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| Topic Started: May 11 2014, 09:57 AM (96 Views) | |
| swing | May 11 2014, 09:57 AM Post #1 |
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swing
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Why does "new money" feel the need to be ostentatious and brag? My hubby was CFO for five years for an oil and gas company in the city before he retired in 2004. The father had sold the company upon retirement, with the proviso that his son be kept on indefinitely. During hubby's time with the company the son and a fellow worker, decided they wanted to buy back the company. A businessman from their church was going to lend them 10 million to do this! They asked my hubby to negotiate the process. He was the only one with the education to do so, at the time. To make a long story short, you're supposed to be paid a % of sale, however he was an employee, so they said they'd compensate him with a substantial gift as they couldn't afford a %. The fellow that negotiated the sale on behalf of the vendor received a % amounting to 400,000.00! We got an all expense paid trip to Jasper for the weekend this was 14 years ago!!! I was furious and told my " hubby he was being used"! His defence being, they don't have the $$ yada, yada ~ who cares, they will have, and I was right!! My hubby and the one partner are friends and meet occasionally for coffee. They now have three companies, one in China, and one in the South of the province, as well as the original one here. Hubby's friend is very proud, and said he'd paid 700,000.00 dollars income tax last year. My husband was somewhat taken aback, at this admission, and replied, glad you're contributing to the economy! A month ago they invited us to a dinner theatre which took place last evening. The dinner and theatre were lovely. They were nice people, however since coming into wealth, this has definitely changed! We heard about the million $ home they've purchased, the many cars, including a new $60,000.00 camero, the trips, the cruises. She was wearing a diamond bracelet that was 3" in width with matching pendant of which I complimented her. As is quite often the case these people have $$ but are totally lacking in class and breeding! They don't dress well, and tip poorly! Who tells people, even friends, about your tax assessment, except to brag. I came home feeling a little depressed. Hubby doesn't usually let this crap bother him, but I could tell he was visibly uncomfortable as well. His friend did mention hubby had done so much for their company, this being the reason for the dinner theatre, such generosity!!! That's my rant!!! |
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| Darcie | May 11 2014, 10:09 AM Post #2 |
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Skeptic
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With friends like that who needs enemies. As I have aged I have learned about using my knowledge, will do it for free for the poor but I do demand good payment now. I recently was approached to clean up an organization's mess, sounded like they did not want to come clean about the problems, so Monday morning I am saying thanks but no thanks. I would write them a letter saying that since I was instrumental in their economic success that I would think it appropriate that I get ____ % of the sales figure now that they have the bucks to afford it. What the heck, your husband has nothing to lose with friends like that. When it comes to flaunting it, from the sound of it that is all she has..... |
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| swing | May 12 2014, 07:17 AM Post #3 |
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swing
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I agree Darcie. I seldom let these superficial people " bring me down"! I was indeed surprised by the transformation of this "Christian couple"! Suffice to say our time together on my part will be limited! My hubby is of the mind, it's history, move on. He knows he was used, and he allowed it! He's a bright man, but too generous in donating his time on behalf of these predators! These type of people now feel very superior, as money on the prairies is the "making of a man"! Wise decision with regard to the organization that approached you. It appears they are being somewhat deceitful. Hubby used to say people on the prairies disregard education, until they need it!! It appears this may apply to your situation as well! |
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| Trotsky | May 12 2014, 11:24 AM Post #4 |
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Big City Boy
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swing, I thought you were going to finish with "and they stuck us with the check for dinner." laugh123 |
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