Originally Posted by
Uncle Wurmy
- New and highly questionable related transactions with the CEO that are equal to one-third of the company’s SG&A expense in 2014. This includes sponsorship of CEO Gallagher’s NASCAR racing team, for which his son drives; a video production company, Alpine Labs, co-founded by CEO Gallagher, for the production of a game-show; and Adapt Courseware, a developer of online teaching tools also controlled by CEO Gallagher, for the production of company training tools.
Sounds like your CEO regards the airline as his personal cash machine.