Many talented people are very smart and good at what they do.Unfortunately they're very dumb about everything else...especially money.Don King knows this about fighters when he walks them into a conference room...has an assistant
open a briefcase with 100grand in it...and tells the fighter it's his as an advance for signing on with him.You've never seen that much money before.Of course-as your career takes off-you begin to realize that his "management fees" make the taxes look small.This does'nt just happen to atheletes.
open a briefcase with 100grand in it...and tells the fighter it's his as an advance for signing on with him.You've never seen that much money before.Of course-as your career takes off-you begin to realize that his "management fees" make the taxes look small.This does'nt just happen to atheletes.
Bill Gates...or Terry Semel...or Barry Diller...wants to "take a meeting"with you.He offers you 100 million for your company ...and "total control" before you even sit down. You try to avoid choking on your coffee.All those years in your cubicle at 80 grand a year.Of course you bite...and watch helplessly as you find that "total control" means you can leave work early on Friday.His henchmen then take your baby and turn it into a multi-billion dollar market leader...or more likely destroy
it before it destroys them.Classic DON KING MOMENT.
it before it destroys them.Classic DON KING MOMENT.
by L.MARTIN February 3, 2006