This ‘CEO’ wasn’t making $15 million per year. The $15 million is the gross revenue number for the company. He was taking a salary of $1 million on very small revenue, fishy to begin with.
He paid out these ridiculous raises to show zero profit. He has a profit sharing agreement with this brother. No profits means no profit sharing. His brother is now suing for his share of profit which was about $2 million before the raises.
As it looks now, you’re cheering on a criminal who screwed his own brother over money.
If I have to keep putting money into a company to keep it floating and looking good on paper I need to find another line of work. Unless I’m looking for some feel good bailout money.
I do not care how they run their business, but apparently he is using much of his own money, and then some of his business partners, which is allegedly breaking legal agreements.