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Started By
Message
$10M After Taxes
Posted on 10/31/21 at 6:23 am
Posted on 10/31/21 at 6:23 am
The POS can pay himself $300K for 33.3 years.
11
Posted on 10/31/21 at 6:24 am to ShockG082
Not his fault he got that contract. Blame the administration that gave it to him
Posted on 10/31/21 at 7:32 am to LSUTIGERS8181
Can't blame anyone in this situation, he had the Greatest season ever by an LSU team and possibly any college team with the amount of top 10 teams we beat. He just couldn't handle success
This post was edited on 10/31/21 at 7:33 am
Posted on 10/31/21 at 7:36 am to ShockG082
Would be a real shame if Ed messed up his tax liability and got in trouble with the IRS. A real shame.
Posted on 10/31/21 at 8:00 am to ShockG082
quote:
The POS can pay himself $300K for 33.3 years.
Worse! He can pay himself $400,000 per year forever, assuming average returns and no depletion of the buying power of the principle.
Posted on 10/31/21 at 8:05 am to Penrod
quote:
Worse! He can pay himself $400,000 per year forever,
True. 4% is the amount that can be paid out without depleting principal or buying power.
Historically.
Posted on 10/31/21 at 8:08 am to ShockG082
quote:
ShockG082
And precisely how much of that are you paying?
Posted on 10/31/21 at 8:16 am to Gray Tiger
quote:
And precisely how much of that are you paying?
Piddly as it was, LSU won’t get anything more from me.
Posted on 10/31/21 at 8:34 am to ShockG082
Nobody had a problem with the money immediately after the natty.
It’s water under the bridge man. Let it go.
It’s water under the bridge man. Let it go.
Posted on 10/31/21 at 8:35 am to ShockG082
Lots of anger this early in the morning
Posted on 10/31/21 at 8:36 am to Damone
Am sure Ed has some jock sniffing CPA and Tax Attorney in his back pocket to handle tax obligations. The 80's lyrics from song the title i forget..."let my accountant pay for it all"
Posted on 10/31/21 at 8:40 am to StupidBinder
quote:
Nobody had a problem with the money immediately after the natty.
Not true. Not everyone thought it was a great idea.
But any questioning of it was shot down by the lemming masses.
This post was edited on 10/31/21 at 8:45 am
Posted on 10/31/21 at 8:51 am to Tigertown in ATL
quote:
Not true. Not everyone thought it was a great idea.
I remember a handful of posters balked at the idea of paying him, but most of those concerns revolved around the ability to pay top coordinators (not necessarily that O shouldn’t get paid). And the number of people who are gnashing teeth about it today is way out of proportion.
The reality is that most posters today are looking at this in hindsight after an unprecedented collapse when right after the natty, most people believed O earned the raise.
The deal is done so folks just need to let it go. O is packing his shite and the painful degradation of the program will be over soon (with the right hire).
This post was edited on 10/31/21 at 8:56 am
Posted on 10/31/21 at 8:53 am to LSUTIGERS8181
quote:
Blame the administration that gave it to him
quote:
Blame the administration that gave it to him
quote:
Blame the administration that gave it to him
Posted on 10/31/21 at 8:54 am to ShockG082
Biden will be after his bucks for sure....
Posted on 10/31/21 at 8:56 am to OSTiger10
quote:
."let my accountant pay for it all"
"Life's Been Good"
Posted on 10/31/21 at 9:01 am to ShockG082
If he pays $7m in taxes he needs a new accountant.
Posted on 10/31/21 at 9:24 am to ShockG082
CEO will go through this money like a hot knife goes through butter.
What kind of judgment and impulse control has he shown throughout his entire life?
God bless him on the rest of his life.
What kind of judgment and impulse control has he shown throughout his entire life?
God bless him on the rest of his life.
Posted on 10/31/21 at 10:09 am to 777Tiger
quote:
let my accountant pay for it all" "Life's Been Good"
Love me some Joe Walsh!
Posted on 10/31/21 at 10:20 am to ShockG082
He can make $400k per year for eternity if he invests it properly and earns 4% annually.
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