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Its explicitly called embezzlement, by Boney, in the update. We're using company resources to pay off personal debt.As a majority shareholder and owner of the EIC, this is well within Mathilde's right,
This is not Mathildes right.
Its explicitly called embezzlement, by Boney, in the update. We're using company resources to pay off personal debt.As a majority shareholder and owner of the EIC, this is well within Mathilde's right,
That's not how companies work. Just because you own a third of something doesn't mean you can dictate how a third of that something is used. If we wanted to do it above board it would involve talking to the other shareholders and getting them to agree (to be fair, likely within Mathilda's ability). What Mathilda is talking about is going behind their backs and doing it anyway.
Books and laboratory for the WP.
Yes. I don't have MORAL problems with that choice. I have practical problems with that choice because we are interacting with DWARVES, to whom the idea of a victimless crime is a oxymoron.I do not think I am going to lose sleep over fiduciary duty to... colossally wealthy people who will not notice the difference anyway. As far as I am concerned embezzlement is a victimless crime as long as you do it to people too wealthy to be materially impacted by it which all EIC investors are for this scale of action.
We bought the laboratory already. Cost us 2000gc.
But the embezzlement is against the EIC. Gotrek's widow isn't going to care about that. The EIC shareholders and employees might though.Its explicitly called embezzlement, by Boney, in the update. We're using company resources to pay off personal debt.
This is not Mathildes right.
This could be classified as a form of embezzlement, but could also be classified as a good way to strengthen the EIC's good name and to gain influence over an unexpected but influential minority among Karag Nar's community. And besides, two thousand crowns in retail credit will cost the EIC significant less than that in wholesale acquisitions.
Yes. I don't have MORAL problems with that choice. I have practical problems with that choice because we are interacting with DWARVES, to whom the idea of a victimless crime is a oxymoron.
No interest in getting yet another Adventure hook / AP sink.
Also no interest in cheating or underhanded dealings. Those are for when you cannot do the job honestly.
That's not how companies work. Just because you own a third of something doesn't mean you can dictate how a third of that something is used. If we wanted to do it above board it would involve talking to the other shareholders and getting them to agree. What Mathilda is talking about is going behind their backs and doing it anyway.
Its explicitly called embezzlement, by Boney, in the update. We're using company resources to pay off personal debt.
This is not Mathildes right.
It is possible that someone who somehow knew all the details could interpret the matter that way, but the only person who would know all the details is Mathilde, and whether she interprets the matter that way is for the thread to decide.
That's not how companies work. Just because you own a third of something doesn't mean you can dictate how a third of that something is used. If we wanted to do it above board it would involve talking to the other shareholders and getting them to agree. What Mathilda is talking about is going behind their backs and doing it anyway.
Its explicitly called embezzlement, by Boney, in the update. We're using company resources to pay off personal debt.
This is not Mathildes right.
Those are both wants. We don't NEED ether of those badly enough that we can't delay and wait for our income to be able to afford them.
My point was that we absolutely need money to do things and that it isn't just a want, which is what the post I was answering to said. I wasn't talking about what we need or want rn.
Any Dwarves who we might want to enter into a deal with in the future however would, because we're establishing that we do embezzle from companies we own and they're going to wonder if we'll rob them as well.But the embezzlement is against the EIC. Gotrek's widow isn't going to care about that. The EIC shareholders and employees might though.
Uh, voting hasn't opened yet.
It is the literal definition of embezzlement.It's only embezzlement on the absolute most pessimistic reading of the action, and given that it's a likely very profitable long term investment for the EIC in the longer term, in the form of reputation, future business and good will, can hardly even be called a misappropriation of funds or acting against the best interests of the company.
If suggesting a course of action results in long term profits and sustainable business, while also fulfilling other organisational objectives, furthering its reputation and also advancing the interests of its largest shareholder, well, that's just good business.
Article: Embezzlement refers to a form of white-collar crime in which a person or entity intentionally misappropriates the assets entrusted to them
Any Dwarves who we might want to enter into a deal with in the future however would, because we're establishing that we do embezzle from companies we own and they're going to wonder if we'll rob them as well.
Thats key, nobody is arguing that going EIC might end up with Gotreks widow being unpaid or the debt not being satisfied. People are talking about wider reputational damage among dwarves as being seen as an embezzler.
Nnnot quite. Not exactly. The updates notes that Mathilde's liquid funds are 2200, yes...Consider the folowing, if we pay in gold we only have 200 left and gain 200 passively a turn, this very turn people are planning on paying in gold and buying 450 gold worth of books, wich already leaves debt for next turn.
Due to Vow of poverty and thread culture the only way we have to make large sums of cash is adventuring, and due to all costs normal and extraordinary we tend to have we will need large sums of cash.
So credit is the only option where we pay whitould having to make the diference with adventures, the only diference is the flavor of adventure.
Your current liquid funds, if converted from Imperial and Kislevite coinage to Dwarven, comes in at a little over 2,200 gold coins, which came from various windfalls and if exhausted would take half a decade of frugality to replace.
1080 x 0.95 = 1026. 1026+1867= 2893. We've the equivalent of 2893 in funds total, it's just that not all of that is immediately accessible.Personal Wealth: 1,867 Stirland gold crowns, 1,080 Kislev gold ducats. Owes 2000 gold coins to Borek Forkbeard of Karag Dum.
Each Kislevite ducat is worth 0.95 Empire crowns.
I don't care. Depends a lot on what actions we do in the future. If we want to start some deal with some dwarf guild, then this might come up as part of their Due Dilligence, if we don't do anything to prompt that interest then they'd probably never find out.How do those dwarfs find out what we did? No dwarf would have the interest to dig for info on this.
Okay let me try this again .Any Dwarves who we might want to enter into a deal with in the future however would, because we're establishing that we do embezzle from companies we own and they're going to wonder if we'll rob them as well.
Thats key, nobody is arguing that going EIC might end up with Gotreks widow being unpaid or the debt not being satisfied. People are talking about wider reputational damage among dwarves as being seen as an embezzler.
It is possible that someone who somehow knew all the details could interpret the matter that way, but the only person who would know all the details is Mathilde, and whether she interprets the matter that way is for the thread to decide.
Any Dwarves who we might want to enter into a deal with in the future however would, because we're establishing that we do embezzle from companies we own and they're going to wonder if we'll rob them as well.
Thats key, nobody is arguing that going EIC might end up with Gotreks widow being unpaid or the debt not being satisfied. People are talking about wider reputational damage among dwarves as being seen as an embezzler.
It is the literal definition of embezzlement.
Article: Embezzlement refers to a form of white-collar crime in which a person or entity intentionally misappropriates the assets entrusted to them Source: https://www.investopedia.com/terms/e/embezzlement.asp
As a board member of the EIC we are trusted with EIC assets and we are intentionally misappropriating them.
Those are imperial GC, need to divide by 1.3, iirc to get dwarven GC.1080 x 0.95 = 1026. 1026+1867= 2893. We've the equivalent of 2893 in funds total, it's just that not all of that is immediately accessible.
Subtract 2000 from that and you get 893. Even if we spent 450 gold immediately, we'd still have enough to put us in the green before next turn's income. And people are arguing more in the general vicinity of 350 gold for out-of-pocket books, anyway.
Typical Celestial. The most annoying thing about them isn't that they speak in nothing but riddles, but that these riddles should always be paid attention.
Celestials would never interfere with each other's attempts to act mysterious, but there's every chance it's not an act, that's all she's got. Look at the future too closely and you might fix it in place, and you're shit out of luck if it's one you don't like the look of.
I don't think the EIC is a publicly traded company with a market value for its shares - pretty sure it's only got a handful of investors, all of whom bought at negotiated prices quite a while ago which are doubtless inaccurate now.@Boney Question, Can't we offer 2000 golds worth EIC shares. We own a large percentige we can hand over some shares and not lose our dominance of the company and IF we can get an agreement that she doesn't sell the shares to anybody we don't approve of there is not risk either. (ie, first refusal)
How many shares of EIC, 2000 gold buys anyway? More than 1-2%? less than 1?