Under the Principle Activity paragraph in the Director’s Report the Maximum liability for each member is only €1.27 At that very small sum this is obviously a pro forma clause of some kind to satisfy some incorporation (Limited Company in Ireland) law..

“Over the next 30 years I never saw or heard of any Orgs competing with the top 10 Orgs from 1975-1979.”

By ~’82 Milano Org grew even more prosperous. At that point Int Management went and “recruited” key staff into the SO (they landed at FLB and most spoke no English). That was the beginning of the end.

Dan – you can add Milan and Miami to your short list of Orgs that were doing pretty well in the last 70s. I was the Finance CIC Dir at GO WW for a year or so, and I processed every stat for every Org on the planet. For the four years I was there, I would put Milan as #1 in income and general finance and tech stats. They were a juggernaut. Munich and Miami were probably #2 and #3 for the same reasons. Ability to generate a viable income over a long period of time.

Informally, I slotted all Orgs into 3 Classifications. Viable – meaning income was high enough to pay staff a decent wage, maintain a building and keep general havingness up. This accounted for 10% of the Orgs worldwide. Next was Somewhat Viable – low staff pay in general with periodic spikes – rent paid, no overdue taxes, generally okay. This accounted for 20% of the Orgs. The remaining 70% fell into an Unviable category. Which meant low pay, backlogs on rent, utilities and emergency FPs needed 1-2 times per year. Finances that moved in and out of lower conditions, depending on who was regging, who was on Tour to that area, etc.

Over the next 30 years I never saw or heard of any Orgs competing with the top 10 Orgs from 1975-1979. So I’m not surprised these stats are kept close to the vest. I’m excluding Flag and AOs of course as they would skew the graphs.

Truth is, there were a handful of Orgs back then that almost made it. Almost provided livable wages for their staff while producing Clears and Auditors. Then they ran into Death by Management. All of them. But they came close.

Odd

Ha Ha, Birgit! You nailed the Real Why. Go to the head of COB’s class. How can Top Gun bring any of his upstat Emerald Isle buddies into this tenement? What a shame, as they’re all chomping at the bit.

If TC were to channel money into such a cause it could all be made out as a tax deduction for him through the mudda “church” – no worries,

The non-existent boundary between truth and lies was what put me off scientology when I looked into it with an open mind – a long time ago.

The members of the company contributing to its assets in the event of it being wound up stuff is part of the Companies Act http://www.irishstatutebook.ie/1963/en/act/pub/0033/sched1.html

The amount is limited to €1.27 (£1 in old money) though so I’m not sure what the point of it is exactly.