3 ms·

Or start a start up. You can pay yourself minimum wage with wealth tied up in the startup that wont be realised for a decade or more.

pcthrowaway 3y ago
The best would be a business that purchases his things for him. E.g. he starts an LLC, profits stay in the company, company provides meals, vehicle, and phone+plan for the execs, plus travel expenses, and he gets a low salary from which I guess he still has to pay his rent.
- TeMPOraL 3y ago
  Can't the LLC rent some flat as "company apartment" for "employees traveling on business", that happens to be in the same town as the HQ, and, since the LLC has only one employee... Or just plain rent it and sublet it to the CEO for peanuts. (This is all fun speculation, but Nintendo lawyers aren't idiots - the actual settlement likely covers LLCs, startups, benefits, and all other obvious workarounds. Hell, it probably makes Nintendo entitled to the 30% of unreported cash income and proceeds from crime as well.)
  - Ekaros 3y ago
    And in some countries these kind of benefits are taxed as income. And limited in amount that can be provided. But that requires sensible legistlation.
  - dmurray 3y ago
    I assumed it was an order imposed by a judge and that there was some kind of standard process here. It's not abnormal for a judge to order you to pay X% of your salary capped at Y dollars a month, for example in child support. It's unclear from the article what the nature of the payment is. It's described as a "fine" rather than "damages" but also mentions an "agreement with Nintendo".
- singleshot_ 3y ago
  Couldn’t I just sue his interest in the LLC in rem and now his creditors own the LLC, which they could liquidate? He might be one tick better if someone else owned the LLC?
callamdelaney 3y ago
Seems pointless because he will have to pay nintendo when he gets that wealth. Draconian.
- quickthrower2 3y ago
  The idea is to moonshot: you succeed and paying nintendo is nothing. you fail and you’ve paid nintendo nothing!

pcthrowaway 3y ago

The best would be a business that purchases his things for him. E.g. he starts an LLC, profits stay in the company, company provides meals, vehicle, and phone+plan for the execs, plus travel expenses, and he gets a low salary from which I guess he still has to pay his rent.

TeMPOraL 3y ago
Can't the LLC rent some flat as "company apartment" for "employees traveling on business", that happens to be in the same town as the HQ, and, since the LLC has only one employee... Or just plain rent it and sublet it to the CEO for peanuts. (This is all fun speculation, but Nintendo lawyers aren't idiots - the actual settlement likely covers LLCs, startups, benefits, and all other obvious workarounds. Hell, it probably makes Nintendo entitled to the 30% of unreported cash income and proceeds from crime as well.)
- Ekaros 3y ago
  And in some countries these kind of benefits are taxed as income. And limited in amount that can be provided. But that requires sensible legistlation.
- dmurray 3y ago
  I assumed it was an order imposed by a judge and that there was some kind of standard process here. It's not abnormal for a judge to order you to pay X% of your salary capped at Y dollars a month, for example in child support. It's unclear from the article what the nature of the payment is. It's described as a "fine" rather than "damages" but also mentions an "agreement with Nintendo".
singleshot_ 3y ago
Couldn’t I just sue his interest in the LLC in rem and now his creditors own the LLC, which they could liquidate? He might be one tick better if someone else owned the LLC?

callamdelaney 3y ago

Seems pointless because he will have to pay nintendo when he gets that wealth. Draconian.

quickthrower2 3y ago
The idea is to moonshot: you succeed and paying nintendo is nothing. you fail and you’ve paid nintendo nothing!