Quote:
Originally Posted by fleury
Again, doubtful. Different organizations have different thresholds for what goes up the line and what can be done without permission, but this wasn't a petty move at all. $3MM to most of us here is a big dollar investment, so why wouldn't it be for an owner? I'm sure ownership would simply want a briefing on what this means for the team in the short/medium/long terms. If ownership have other business projects going on, they need to be kept abreast of taking on that extra responsibility before they can commit to it, so I see no problem with it. When was the last time ownership was in the press wanting attention? They're not meddling. They just couldn't commit to the deal for their own reasons and that's that.
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I came across a great way to distill the difference between a millionaire and a billionaire a few weeks back.
Imagine every dollar is one second. If you have a million dollars, that equates to roughly 11 days.
At a dollar a second, a billion dollars is 31.5 years, ish.
That's why Murray Edwards shouldn't be pinching pennies over $3M this way or that. Because it's one month vs 46 years (assuming an accurate read on Edwards' net worth @ $1.5B).