Pleasant's rep is not untainted IMHO either. Read this from the proxy statement...page 25:
During 1999, Mattel made payments in the aggregate of $640,936 to White
Wings, Inc. for the use of an aircraft by officers of Pleasant Company. Ms.
Rowland and her husband, Jerome Frautschi, beneficially own 100% of White
Wings, Inc. Additionally, during 1999, Mattel made payments in the aggregate of
$732,933 to Webcrafters Inc. for the production of printed materials for
Pleasant Company. Ms. Rowland's brother-in-law, John Frautschi, beneficially
owns 100% of Webcrafters Inc.
<sarcasm> Pretty cool huh? I wonder if the airplane is paid off yet. Pity the poor peasants who fly commercial and fight the crowds at Chicago O'Hare. And I'm glad Ms. Rowland was able to help out her brother-in-law. </sarcasm>
Of course, this employee-as-vendor stuff pales in comparison to Jill's haul...I would not be surprised if there is more than meets the eye regarding her platinum, diamond-studded, gold-leafed parachute... |
