Nevada
Strategic Concepts & Mechanics
Primary Evidence
"Time, in business, is a function of how much money you have and how soon you run out of the ability to write a cheque. So we said, let us all, the handful of key executives, take the minimum amount of salary. Let us make sure that we don’t spend our money—giving us the time to prove our principles. When the company’s value moved from $80 million to $3 billion last year to close to $4 billion today, I received my share. I am proud of having done that and I’m thrilled that there was $3 billion out there that was earned by institutions, by investors, by people who believed in us. In the process, close to 2,000 jobs have been created, and stockbrokers and truck makers, mine suppliers and contractors have all benefited as we built facilities, as we expanded our activities from Kirkland Lake in Northern Ontario down to Utah and over to Nevada. And it is just misleading, in my mind, for some to have represented these exercised options as an annual salary—but it's not their fault; it is the reporting system that adds bonuses, salaries and options together to show an executive's total annual remuneration. But this is not, of course, an annual salary, but that’s the impression the public gets. I, as a"
"Sol had always been a fan of the entertainment provided in Vegas. He was determined that “his” shows in the Sun City theatre should equal or surpass the high standards set in Nevada. It would require a big budget and a super-sharp professional team of producers and performers."