<story><title>Canoo spent double its annual revenue on the CEO&apos;s private jet</title><url>https://techcrunch.com/2024/04/01/canoo-spent-double-its-annual-revenue-on-the-ceos-private-jet-in-2023/</url></story><parent_chain><item><author>Workaccount2</author><text>A former president only stayed at properties owned by his company, billing the government millions in extra overhead.&lt;p&gt;His voters love him.</text></item><item><author>diggan</author><text>&amp;gt; Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO (Tony Aquila), for use of an aircraft. In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated. Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft.&lt;p&gt;I&amp;#x27;m surprised there are any employees left at the company. If I saw that the CEO is actively funneling funds out of the company where we work, to their family&amp;#x27;s company, I&amp;#x27;ll be long gone.</text></item></parent_chain><comment><author>efnx</author><text>And they say “if you don’t like it, leave!”. And so now we live in New Zealand.</text></comment>
<story><title>Canoo spent double its annual revenue on the CEO&apos;s private jet</title><url>https://techcrunch.com/2024/04/01/canoo-spent-double-its-annual-revenue-on-the-ceos-private-jet-in-2023/</url></story><parent_chain><item><author>Workaccount2</author><text>A former president only stayed at properties owned by his company, billing the government millions in extra overhead.&lt;p&gt;His voters love him.</text></item><item><author>diggan</author><text>&amp;gt; Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO (Tony Aquila), for use of an aircraft. In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated. Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft.&lt;p&gt;I&amp;#x27;m surprised there are any employees left at the company. If I saw that the CEO is actively funneling funds out of the company where we work, to their family&amp;#x27;s company, I&amp;#x27;ll be long gone.</text></item></parent_chain><comment><author>dexterdog</author><text>I&amp;#x27;m not fan of the guy by any measure, but how is this any different than the government paying to make any president&amp;#x27;s existing properties places where a president and his massive entourage can stay? It&amp;#x27;s been done by every president I can remember aside from maybe Clinton because I don&amp;#x27;t remember him having any significant places.</text></comment>