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08:20
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Originally posted by TJ1988:
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I was talking to my father-in-law the other day and the topic came up in relation to his work and his company. He is the managing director of an aftermarket car sales company. The company has a turnover between 13 and 14 million a year with profits between 3 million and 4 million a year. He’s on about 200K a year base and about 7k in bonuses a month which are performance based and in his contract. He has access to a company credit card and has a car purchase allowance of 120K . I asked him why he does not take advantage of this and buy himself a nice car. He currently drives a secondhand Toyota Camry which he chose and company purchased for about 20K some time ago. I have never seen him use the company credit card and he’s told me that he never requires it as he has plenty of income to cover his own needs. He has taken me to work functions with clients and other employees and still has paid out of his own pocket. When we spoke he said “I don’t use the company credit card or buy myself a flashy car as firstly it will look bad and secondly I don’t want to waste money on unnecessary things”. Then it hit me just how much he values the company and knows how important the company is to him.
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Hi TJ,
