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| Porn Users Forum » The shrinking value of Glen Campbell's estate. |
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| 01-05-21 05:18am - 1354 days | Original Post - #1 | |
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LKLK (0)
Active User Posts: 1,583 Registered: Jun 26, '19 Location: CA |
The shrinking value of Glen Campbell's estate. Glen Campbell died in 2018. Shortly after his death, his estate, which previously was valued at over $50 million, is now valued at $410,000. What happened, to the money that disappeared? Or is this a trick to reduce taxes on the estate? ----- ----- Glen Campbell estate previously valued at $50 million. Latest estimate: $410,000 Walter F. Roche Jr. For USA TODAY NETWORK - Tennessee Glen Campbell died Aug. 8. April 24, 2018 A court-appointed administrator for the estate of Glen Campbell has come up with a partial preliminary estimate that is but a small fraction of the previous estimates of its value. In a four-page filing in Davidson Probate Court in Nashville, Stanley B. Schneider set the estimated estate assets at $410,221. Prior estimates of Campbell's total estate value totaled some $50 million. The estimate excludes future income rights from royalties. "Appraisal needed," the report states. Schneider served as the legendary singer's accountant and later as his manager. He was appointed "administrator ad litem" in February by Probate Judge David "Randy" Kennedy. More:Court record: Glen Campbell specifically excludes 3 of 8 children from will More:Glen Campbell's wife seeks $506,000 reimbursement for his Alzheimer's care Three of Campbell's children already have served notice that they are contesting Campbell's will, which specifically excludes them from any share of his estate. Campbell died Aug. 8 after a long battle with Alzheimer's disease. His will names his wife, Kimberly, as executor. She and his five other children are listed as beneficiaries. The Schneider inventory lists two bank accounts with a combined total of $959. The largest single item is a 50 percent stake in the AZPB Limited Partnership. Its value is set at $296,164. A 50 percent interest in the AZ Baseball Broadcast Holdings is valued at $3,464. More:Glen Campbell estate includes stake in Arizona Diamondbacks Prior court filings show Campbell held an ownership interest in the Arizona Diamondbacks. The filing also lists Glen Campbell Music Inc. valued at $25,110, while Glen Campbell Enterprises is listed with a $84,524 value. Campbell was the 100 percent owner of both of those entities. Schneider, who also was charged with keeping track of royalties paid to the estate, listed $42,448 in payments between Aug. 8 and April 20. He said an additional $76,000 in royalties was owed to the estate, while checks totaling $1,776 were awaiting deposit. A payment of $14,246 is expected as a settlement on an insurance claim for water damage on a California property. Schneider listed debts of $118,200, including an estimated $107,000 in state and federal income taxes and $71,000 in legal fees. Reach Walter F. Roche Jr. at wfrochejr999@gmail.com. | |
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| 01-05-21 05:58am - 1354 days | #2 | |
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LKLK (0)
Active User Posts: 1,583 Registered: Jun 26, '19 Location: CA |
In honor of our dearly departing President Donald Trump, McDonald's will launch 3 new chicken sandwiches in 2021. The classic, deluxe and spicy versions will launch Feb. 24, 2021. --------- --------- McDonald's wants a bite of crispy chicken market with new sandwiches Reuters Hilary Russ January 4, 2021, 8:39 AM * McDonald's to launch three crispy chicken sandwiches * Classic, deluxe and spicy versions to launch Feb. 24 * Biggest burger chain taking on growing chicken chains (Adds background, details, analyst comments) By Hilary Russ NEW YORK, Jan 4 (Reuters) - McDonald's Corp is hoping 2021 is the year it cracks the crispy chicken sandwich by rolling out three different versions in the United States, as it takes on chains such as Restaurant Brands International's Popeyes for a share of the growing market. The world's biggest burger chain confirmed to Reuters it plans to launch its crispy chicken sandwich in "classic", "deluxe" and "spicy" versions on Feb. 24. All will contain a new crispy white meat chicken fillet served with crinkle-cut pickles on a toasted, buttered potato roll. The new McDonald's strategy is founded in part on the long-term popularity of Chicken McNuggets, which it has sold since the 1980s, and 2020's limited time Spicy Chicken McNuggets, which contributed to September U.S. comparative sales that were the highest in nearly a decade. "As commonplace as chicken is, it's a growth area. You want to participate in that growth," said Mark Kalinowski, an independent restaurant equities analyst. But to really ruffle feathers in the market, McDonald's needs to overcome operational and structural hurdles, including a lack of pressure fryers, and prove wrong skeptics who doubt it can match sandwiches offered by pure poultry purveyors. "I would bet big time that McDonald's never competes in the chicken business," restaurant marketing consultant Chas Hermann said of the menu additions. A social-media-fueled war between privately-owned Chick-fil-A and Popeyes raised the game for the fast-food industry after Popeyes launched its first-ever chicken sandwich in August 2019. The Popeyes sandwich quickly sold out and drove sustained spikes in its comparable sales growth beginning that quarter, prompting other companies to try to follow its lead. Chick-fil-A's growth in the South also pressured McDonald's franchisees there, who pushed for the new sandwiches. "They'll definitely improve their chicken sandwich. It won't win awards. They will have some of the very best marketing around it," Hermann added of the McDonald's move. At least two dozen restaurant chains launched new or improved chicken sandwiches in 2020 even as the coronavirus pandemic disrupted supplies, workers and operations, trade publication Nation's Restaurant News said. If McDonald's crispy chicken is successful, an average location could sell as many as 150 sandwiches per day, said Credit Suisse analyst Lauren Silberman. By comparison, for a typical Burger King restaurant that 40 units of a new sandwich per day would be considered very successful, she said. McDonald's also needs to keep costs low to appeal to existing customers and compete with $4 sandwiches from rivals. CHICKEN PLATFORM At its Investor Day on Nov. 9, McDonald's USA President Joe Erlinger said the sandwich was a "jumping off point" for an even broader "chicken platform". "Our chicken-only competitors here and abroad have strong brand equity and credibility. Developing a reputation for great chicken represents one of our highest aspirations," he said. The existing McChicken sandwich could also see new flavors, marketing and promotions, Erlinger said. McDonald's McNuggets, which are processed, battered, partly pre-cooked and frozen before shipping, are one thing. A fresh-tasting fillet to beat chains at their own game is another. "Trying to ensure large, thick pre-breaded chicken to 14,000 stores can be difficult," said former franchisee Jim Lewis. McDonald's also lacks equipment used by poultry specialists - pressure cookers and hand-breading stations inside stores. It is "very hard to do something with the equipment that they have and the complexity you have in the kitchen, it's very hard to manage that," Restaurant Brands' Chief Marketing Officer Fernando Machado said of McDonald's. Popeyes' chicken is also marinated for 24 hours in the restaurant, he added. "If it were easy to do, we could do it at Burger King," he said of Restaurant Brands' burger chain. But McDonald's huge scale could help it. There about 13,846 McDonald's restaurants in the United States – about as many as all the Chick-fil-A, Popeyes, Yum-owned KFC, Church's, Wingstop, Zaxby's, Bojangles and El Pollo Loco locations combined. "Customers have to drive past two or three McDonald's to get to a (Chick-fil-A) or a Popeyes," said Richard Adams, a consultant to franchisees. "That's an opportunity to pull in those customers with a comparable product." (Reporting by Hilary Russ; Editing by Alexander Smith) | |
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