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Potatos_are_not_friends OP ,

Canoo reimburses Aquila Family Ventures, an entity owned by the CEO, for use of an aircraft. In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated. Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft.

In other words, he uses company profit to pay his own private company to pay for his rides.

Kraven_the_Hunter ,

Well, he uses company revenue anyway. There may not be any profits to dip into, which makes this even worse.

some_guy ,

Hey, if a ceo was meant to drive, we wouldn’t have invented planes.

partial_accumen ,

Canoo is publicly traded, isn’t it? Wouldn’t this raise questions of breech of fiduciary responsibility?

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