The profits from the new assets would be reinvested in the subsidiary companies. The IRS would not receive further tax dollars from Elsa’s businesses.When I started working as a full-time CEO at Smith-Adler Enterprises, I learned that Elsa foresaw two problems and resolved them both by creating another subsidiary corporation, Ocean Business Loans.Elsa knew that the exorbitant management charges Smith-Adler Enterprises levied on its subsidiary corporations for administrative services would result in very high profits. She used the corporation’s profits and the money she received from selling some of the bullion to fund Ocean Business Loans.Elsa also knew that the profit each subsidiary made would not be sufficient for it to purchase additional assets in the US without additional capital; they would need a business loan. Ocean Business Loans loaned the subsidiaries the money they needed to acquire the assets and only charged a twenty percent interest rate. Needless to say, Ocean. "Tiny just told me that he's received an approach from Forbes magazine. Their latest idea apparently is to choose and do write-ups on what they are calling the ten "Most Influential Businessmen who Nobody Knows". He says that they want me to agree to be interviewed by one of their senior writers for the series."Lisa and I enthusiastically congratulated him, but he was obviously doubtful about the honor.I turned to Lisa next."Steve says that we need to go down to Bill Pickett's boatyard in Naples this afternoon. Want to come?"Since she was vehemently nodding, Steve took up the story."Bill apparently has decided that it is time for him to retire at last, and he wants to discuss an idea that Joe Magellan has proposed. I said that we would drop in to see him this afternoon. Oh. I forgot to order a chopper. Joy took us there last time; I hope that she's free."He pulled his cell out and called Tank."We need to go over to the airpark anyway," he remarked, after making the call. "Bruce.
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