Tom’s New Beginning

“Wow, I never dreamed I would get a check this big!” Tom Mahanan said, as he continued looking at his check and couldn’t believe that he was holding his “royalty check” for $400,000! When Tom received his new role with the Board of Directors, he had done so without a major raise in his salary, but rather an agreement on a royalty check based upon profits. He was a big fan of the TV show Shark Tank and liked Kevin O’Leary’s royalty offers. Tom Mahanan was the former Finance Director for Tires for All, and along with his royalty check, he had just been given a permanent seat on the Board of Directors from the Chairman of the Board, Jonathan Briggs. Over the past year, Tom had directed improvement efforts at six of the Board’s ...

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