David's business partner Ephraim demands he abandon his lucrative Afghan contract commission, worth $15 million, to work on struggling Iraq deals instead. When David refuses, Ephraim cuts him out entirely: take a $100k salary and 1% equity or get nothing from the $50 million company. David walks.
So one day, Ephraim comes into my office and he's like, he says to me, like all the rest of the employees had gone out for the day. And he says to me, he's like, you know, a lot of the guys around the office, they're telling me that you're not pulling your weight around here. Oh God. And I'm like, what are you talking about? The contract's going great. You know, we're delivering 4 aircraft loads a week. The money's rolling. You know, we've solved all the problems. You know, what's the problem? He's like, yeah, yeah, yeah. The Afghan contract's going great, but we've got some contracts in Iraq that are really struggling, and you're not helping with those. And I said, but I work on a commission basis. I'm not one of your employees. Yeah, you know, you want to give me a piece of those contracts, I'll work on them. He's like, oh, don't be crazy. I mean, you didn't help us win those contracts. Why should I give you a piece of them? I'm like, then why should I help you with them? Yeah. And he's like, well, because, you know, if those contracts go down, the entire company could go down. That could take the Afghan contract with it. And I'm like, you got to watch out for the company. I'm like, well, you want to give me a piece of the company? Yeah. And he says, you know what, David? He's like, I'll tell you what, I own 100% of AEY, and I always plan to keep it that way, but you're best friend, and you're also a big part of why AY is where we are today. And so I wouldn't make this offer to anyone else, but for you, give you a very generous $100,000 a year executive salary and 1% of AY. And I'm like, well, you know, the Afghan contract, I get 25% of that. That's the best. That's going to make us like 90% of the money we're going to make over the next few years. Yeah. And I'm set to make $15 million from it. So I appreciate your $100 grand salary, but I'll stick with my $15 million. Yeah. Right. Thank you very much. But no, clear and obvious. Yeah, yeah. And he says to me, he's like, well, how about zero? That's the only offer on the table. Of the $50 million? He's like, you either take the 1% of AEWI and $100 grand a year, or I'm giving you nothing. And I'm like, we have agreement. He's like, well, that's the only offer on the table. Are you kidding me? Yeah, that's what he says to me. And I'm like, well, go fuck yourself. I'll see you in court. And I walk out, and that was the last day I worked at AEWI. Wow. Yeah.
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