California financier Danny Pang has been accused of many bad things: compulsively lying, hiring a hit man to kill his first wife, perpetrating a massive international fraud. But at least it seems like he was a pretty fun boss. Not only did he provide employees with fistfuls of cash and take them on the company jet to Vegas, the court-appointed receiver reviewing his books notes that “late last year, with many of the loans in the firm’s investment portfolio in default, Mr. Pang treated the entire staff to a $1 million Disney cruise, financed with loans from investor funds.” [WSJ]
Expect detours and delays around the GWB approaches. Use alternate routes.