Sirwalterraleigh
Premium Member
That's not how millions or billions get approved in a publicly traded company...If I walked into a capital expenditures meeting with a request over $1000 and the reason of "Well...I just know it", they would laugh me out of the board room and my desk would be cleaned off before I got back to it.
Everything needs to have data backing it up.
Agree.
Any capex has to show:
1. How quickly the upfront will be rcouped
2. How much profit will be gained in perpetuity
The California public employees pension fund cares not about “the guest experience”
As Michael corleone says: “it’s strictly business”
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