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It's common practice afaik, there's no secret there. I used to work for one and they are small peanuts. Edit: Acme inc owns Acme Real Estate Co and Acme Operat
by bongodongobob 3y ago
It's common practice afaik, there's no secret there. I used to work for one and they are small peanuts.
Edit: Acme inc owns Acme Real Estate Co and Acme Operations Co. Operations Co leases from Real Estate Co. There's no funny business, it's just how a business might split its assets and liabilities.
- hiatus 3y agoThat's not an example of company executives personally profiting or being invested in the company's real estate though. The comment to which I replied implied that executives personally profited from the real estate. > This doesn't happen because many C-suite people have commercial property investments