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Started By
Message
re: That mansion on the corner of Highland Rd and Bluebonnet
Posted on 10/14/19 at 7:43 pm to Martini
Posted on 10/14/19 at 7:43 pm to Martini
quote:
And they hire recently graduated dentists with large student loan debt and pay them shite.
Most recent graduates don’t make top dollar in their fields.
If they’re good they’ll land a better job after a few years
0
Posted on 10/14/19 at 7:49 pm to BeauxNArreaux
quote:
He said he didn’t even seek out the sale at first but the offer was just too big to pass up.
Last I heard he’s starting back up as a family practice...doing it the right way this time.
Yes, his non-compete is up. They are building a new building on Perkins.
Posted on 10/14/19 at 7:53 pm to Martini
quote:
And they hire recently graduated dentists with large student loan debt and pay them shite.
lol...So they're supposed to pay more than they have to just because?
Posted on 10/14/19 at 7:59 pm to Martini
quote:
And they hire recently graduated dentists with large student loan debt and pay them shite.
It’s like slavery all over again
Posted on 10/14/19 at 8:00 pm to Martini
Not any more. He sold all of those practices to a national dmso outfit and is waiting out his non compete.
Posted on 10/14/19 at 8:16 pm to fightin tigers
quote:
Oil rich family that resides/resided in BR area
Oil...... biomedical research center.......same thing.
This thread has had a plethora of misinformation.
Posted on 10/14/19 at 8:22 pm to ruzil
quote:
Not any more. He sold all of those practices to a national dmso outfit and is waiting out his non compete.
I meant the corporate dentistry model and wasn’t aware he had sold out. The Heartland, Aspen model.
“Since you receive a letter in the mail every other week from a bank telling you to refinance, you might be tempted to pull the trigger. Thus, your big payments get locked in. Can you take the refinancing risk and then borrow to buy a practice too?
It makes many of my clients terrified. Instead of buying a practice, they might work for years at Heartland, Pacific, Aspen, Comfort, etc. as an associate just to have a guaranteed income to pay down their student loans
Remember that the goal of any employer is to give you just enough that you won’t want to leave. That can lead to complacency on the part of employees. One of the fast-growing ways to make new grads feel attached to their jobs (in general not just in dentistry) is student loan payment benefits.”
LINK
This post was edited on 10/14/19 at 8:23 pm
Posted on 10/14/19 at 8:27 pm to TigerNAtux
quote:
Pardon my ignorance, but who are the Penningtons?
Doc Pennington found a shite ton of oil in north Baton Rouge close to where Exxon is. Gave LSU 125 million dollar grant and LSU opened the Pennington Biomedical Research Center. Kids have not had to work too hard since then....
Pennington Foundation
This post was edited on 10/14/19 at 8:39 pm
Posted on 10/14/19 at 8:38 pm to NPComb
quote:
Is this the same couple who’s toddler died in a pool accident? Did that happen at the Pennington’s?
You may be thinking of another husband and wife dentist couple, Robert and Krista Bruns. Their young son died by drowning in a pond on their property.
Posted on 10/14/19 at 8:40 pm to Crow Pie
quote:
r. Kids have not had to work too hard since then....
It is the grandkids. His son Claude died in the oilfield in the late 50’s. Paula, Claude III and another brother I can’t remember his name were raised by them and inherited the estate. One of the great granddaughters just mowed the family house down on Acadian Thruway.
ETA: Daryl. I think he was raising the small deer in East Feliciana years ago.
This post was edited on 10/14/19 at 8:43 pm
Posted on 10/14/19 at 8:45 pm to Martini
The...idea...of paying off student debt is great. But, as always, a financially prudent company can only afford so many benefits for employees and, at some point, there must be a trade-off when it comes to extra benefits...like paying off student debt.
The best way to do all of this, if you're small enough (would be a shite-show for larger companies to manage), is to offer employees which "benefit channel", for lack of a better term, that they would like to choose.
For example:
Employee (1), New Hire, Recent Grad
Option 1: Higher base salary, normal benefits, normal bonus
Option 2: Lower base, employer paid portion of student debt, no bonus
One problem with the employer paying existing debt is, that unlike tuition reimbursement, none of the loan repayment is non-taxable for the employee, nor can the company claim a deduction.
I'm a big fan of outside the box options in regards to performance rewards. For example, I negotiated a three-year longevity kicker in my agreement, which paid 10% of may annual salary on my anniversary (on top of my 30% annual bonus). When the time came for my 10% kicker - I proposed to my CEO the option of giving me a portion in cash, and the rest towards a watch of my choosing that they could put on the company card.
I love my watch.
The best way to do all of this, if you're small enough (would be a shite-show for larger companies to manage), is to offer employees which "benefit channel", for lack of a better term, that they would like to choose.
For example:
Employee (1), New Hire, Recent Grad
Option 1: Higher base salary, normal benefits, normal bonus
Option 2: Lower base, employer paid portion of student debt, no bonus
One problem with the employer paying existing debt is, that unlike tuition reimbursement, none of the loan repayment is non-taxable for the employee, nor can the company claim a deduction.
I'm a big fan of outside the box options in regards to performance rewards. For example, I negotiated a three-year longevity kicker in my agreement, which paid 10% of may annual salary on my anniversary (on top of my 30% annual bonus). When the time came for my 10% kicker - I proposed to my CEO the option of giving me a portion in cash, and the rest towards a watch of my choosing that they could put on the company card.
I love my watch.
Posted on 10/14/19 at 8:48 pm to Martini
Scary times now for dental students. They are being preyed upon by the Dental schools in the form of exorbitant tuition and the DMSOs that under pay them and promise to pay off their loans. They also borrow living expenses while in school, which is a stupid decision.
If they go to work at Aspen or Heartland or the like, they have to execute treatment plans that some treatment plan coordinator diagnosed, and they get to be responsible for 100% of the risk involved in this treatment.
Sucks to be them or any of the patients they have to over treat.
If they go to work at Aspen or Heartland or the like, they have to execute treatment plans that some treatment plan coordinator diagnosed, and they get to be responsible for 100% of the risk involved in this treatment.
Sucks to be them or any of the patients they have to over treat.
Posted on 10/14/19 at 8:48 pm to Martini
quote:
Paula Pennington De la Bretonne
Where does she live now?
Posted on 10/14/19 at 8:55 pm to ProudLSUMom
In a lot of poster's heads.
Posted on 10/14/19 at 8:57 pm to ProudLSUMom
Building another house not far down highland from the one they sold. Only about 1/3 the size though
Posted on 10/14/19 at 9:10 pm to RummelTiger
quote:
on the company card.
I love my watch.
I’m a Type S Corp.
That watch is a direct material cost on project #35507-90.
The new wood floors I’m standing on now are a direct material cost on project #35507-22
The boat is for that project we did on an island.
ETA: I don’t have student loans.
This post was edited on 10/14/19 at 9:12 pm
Posted on 10/14/19 at 9:24 pm to Martini
Posted on 10/14/19 at 9:27 pm to RummelTiger
I’m all about outside the box. I’m not giving (on topic) Baton Rouge or St George anymore than I have too.
This is my work iPad.
This is my work iPad.
Posted on 10/14/19 at 9:47 pm to TeddyPadillac
quote:
Oil...... biomedical research center.......same thing. This thread has had a plethora of misinformation.
Why not both. And you should check your facts before attacking others.
Posted on 10/15/19 at 12:28 am to reauxl tigers
And to add to the saga, Sharon Pennington, married to Claude, lives in Bocage but came from nothing. Her mother, Elena Palmer, was a pe teacher at Glen Oaks High School and ran Palmer Gymnastics, off of Choctaw Drive. Nobody talks about it. Elena lives with her daughter and granddaughter in Bocage. Anybody who trained with Elena knew her daughter Sharon “was meant for great things”
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