Tucked inside Canoo's 2023 earnings report is a nugget regarding the use of CEO Tony Aquila's private jet — just one of many expenses that illustrates the
Tucked inside Canoo's 2023 earnings report is a nugget regarding the use of CEO Tony Aquila's private jet — just one of many expenses that illustrates the
The CEO leased the jet from himself with company funds? How is that even legal? How can the investors expect to get anything from this company when the CEO is so blatantly sucking the company dry?
If it’s “only” a million and a half that’s probably not a tremendous amount for a vehicle manufacturer, but it also seems like with no real production yet it might’ve been better to mostly fly commercial and save the charters for when the commercial schedules were really bad.
And when they can't find the next investor, they'll go bankrupt. Oops! Now everybody loses their jobs because management wanted to play at the high rollers table with borrowed money