I googled AS and did some research and yes the bolded statement is correct he was VP of Marketing for a company in Arizona from 2001 - 2005 which means he was an employee for this company he worked for. Also he does own his own consulting firm now which also IMO means he was hired by Millardair. This would be a paycheck for him so IMO I would think that he would or could be disgruntled. Maybe missing something feel free to let me Know. :twocents:
Thanks swanna this got me thinking. It's a paycheque for him and all the other executives, experts who liked the sounds of Wayne's big plans as they would be part of it and they would be paid. Wayne was the one taking all the risk, probably not paying himself along the way.
Wayne was frugal with himself and generous to others. I'm not trying to discredit these guys, but they were asked to be part of something big and if for a moment they questioned the project, the enormity of the project and mostly the dollars coming their way in the time being may have kept them quiet. Really JMO.
By 2012, Wayne had hired a team of Canadian aviation veterans, brought in Mr. Sharif to drum up international business, and signed a 50-year lease for the land on which the 50,000 square foot hangar now stands. Millardair won the support of the local airport authority and convinced the Waterloo regional council to invest in runway improvements to accommodate larger jets. When things went over budget, bank loans provided funding for the tools and staff needed to obtain key Transport Canada certification, which came through on November 1, 2012, just before Waynes death.
Loans? I would imagine with no actual business running from the property a guarantee might be required too (a wild but educated guess). Shareholders or maybe just the one with the greater assets (my bet is that is DM) might have to guarantee these loans and is certainly the one that has to answer to the Bank things like why hasn't the business taken off? where is its revenue? The bank doesn't just hand money over, even to rich people, believe me (at least not in Canada!). WM may have just poured all he had into the hangar and who knows what he'd done with the rest if there was any more (charitable man that he was may have donated it). If this were the case then DM darn well had better look at the business deal a little closer because not only will his father lose everything if these big plans cause the company to go bankrupt, but so would DM personally (imo). With so many experts on the payroll, you'd think someone would have warned them sooner? (btw, this is JMO!). Possibly, DM thought his father and his panel of experts had this all under control and once he caught wind of the damage, stepped in to confront AS. Possibly, WM was the "innocent dupe" all along.
AS has an expertise, but that doesn't mean that he couldn't be wrong about this project. He probably doesn't know Ontario and the Waterloo Regional Airport. His semi-negotiated contracts may not have been that promising but it wouldn't have been in his interest to take a step back if he can invoice Millardair a few more times anyway (MOO!). Maybe he was wrong to encourage them to proceed even after they realized they had no money left and no business to show for it, but it is easier to blame the irresponsible son now that he's locked up and the world thinks he's evil? Why did other experts see it so differently than AS?
This other executive knows the Region well and doesn't stand to win or lose anything. Let's pay attention to what he says:
The venture was not for the faint of heart and not everyone believed it could succeed. One senior executive at an Ontario-based flight-training company, who did not want his name published, was touring on his motorbike one day last fall when he spotted the new hangar and pulled in to take a closer look. It was empty, not a soul around, no cars. I was scratching my head and thinking Im not getting this, he said. I just cant see a business model that makes sense for a hangar of that size at that airport despite what they may have said to the airport authority.
The doubts the executive expressed were similar to those raised by Dellen Millard in his steakhouse meeting with Mr. Sharif.
This made me think that just because I'm clueless about the aviation business, why should I, or anyone else, assume that Dellen was such a moron for not going along with AS any further? Could it be that he realized AS was wrong and they are not just out of money but totally in debt with no prospect for recovery? Why would the consultant steer him in the wrong direction? At the very least simply because AS believed in the advice; or, maybe AS himself realized at some point that a) this hangar project was way too ambitious, maybe not such a good idea anymore; and b) contracts aren't as promising as expected for a hangar of this size. (Maybe DM had an epiphany while doing the payroll one day realizing that while his frugal father wasn't keeping anything for himself (TOTALLY MOO) they were signing away lots and lots of paycheques to the consultants and veterans he recruited.)
I'm not trying to make AS out to be a villain, but let's say he was only looking out for No. 1 and this was an opportune moment to deflect the blame for failure.
100% pure :moo: