Recs

165

How The Motley Fool Allocated Its $25 Million

The cat's out of the bag! Happy April Fool's.

Today, we announced that The Motley Fool has accepted $25 million from the United States government for financial recovery funding. We have allocated and spent a majority of the funding on infrastructure, personnel, and personal obligations, which we believe will ultimately help our business thrive for the next several years -- or at least until the market recovers. Because we believe that our community is integral to our success as a company, we’ve also set aside $1 million for our Foolish community. Help us decide how to spend this $1 million by voting at our exclusive Fools-only site.  

In the spirit of transparency and honesty, we are fully disclosing the appropriations of this $25 million. The full list can be found below. To share any thoughts or comments, send The Motley Fool an email at Cash4Fools@fool.com. For more information about this funding and how this will affect The Motley Fool, view our FAQ.

Infrastructure: $40,000.00

Salary increases for executives based on performance: $1,500,000.00

Executive Strategic Planning retreat in Santorini, Greece: $100,000.00

Bonuses for executives and select employees: $9,941,095.30

Purchase Mangunca Island in Brazil for all our members to have exclusive access: $3,000,000.00

Touchscreen laptops for each Fool employee: $1,600,000.00

3D computer monitors and glasses for each Fool employee: $143,944.00

A rug for Tom Gardner's cubicle: $87,000.00

4 privacy curtains for Tom Gardner's cubicle made from Emperor brand cloth: $28,000.00

Parchment for waste receptacle in Tom Gardner's cubicle: $1,400.00

A water cooler that dispenses Tasmanian Rain brand water: $4,000.00

Labor for installing water cooler: $300.00

Interior cubicle upgrades for company executives: $360,000.00

Lavatory upgrade for Tom Gardner: $20,000.00  


Lavatory upgrade for the rest of the Fool HQ bathrooms: $50,000.00 

Consulting fee for an interior decorator and contractor: $26,000.00

Motley Fool Fun Fest event to promote brand to the public, featuring Earth, Wind and Fire: $300,000.00

Foolapalooza event in Las Vegas to reward our top 200 best employees: $125,000.00

2 6-piece sectional lounge sofas with umbrellas and coffee tables for Fool offices: $10,398.65

A mint-condition corporate jet, purchased from a public company facing media scrutiny for its many corporate jets: $2,500,000.00

Fool Helicopter -- Foolopter -- to charge children for rides around Alexandria, Va.: $408,697.00

Special-edition Motley Fool embroidery for corporate jet: $560,000.00  

High Power QCW Laser and Intense Pulsed Light Hybrid Unit for deep tissue thermolysis, dermal resurfacing, tattoo removal and general dermatology: $6,999.95

Promote exercise and wellness by building a grass tennis court on the roof of the office building: $67,000.00

Stadium naming rights to Robert F. Kennedy Stadium in Washington, DC: $700,000.00

Disposable Swarovski crystal cups for the office: $90,000.00

The collected works of Steve Guttenberg on VHS from Craigslist: $0.00

A new Motley Fool building sign encrusted with diamonds: $45,900.00  

Our AAA Four Diamond award-winning free cafeteria run by Spike of Top Chef fame: $300,000.00

Buy the rights to obscure characters among Marvel Inc.'s 5,000 characters to launch movies or YouTube shorts: $10,000.00

A small petting zoo, featuring real, live Asian tigers and black swans: $600,000.00

Supplies to clean up after the animals in the small petting zoo: $12.35

2 Flowbees to help Fools with their hair care: $199.00

Fool employee “Noontime Appreciation” happy hour: $11,000.00  

Bottles of aspirin for all Fools after Noontime Appreciation happy hour: $598.00

1 Illinois Senate seat: $50,000.00

Racehorse named OnewaytickettotheFoolfactory: $20,000.00

Matching motorcycles for the Gardner brothers: $42,000.00

Hermetically sealed My Little Pony first editions for our conference rooms: $150.00

$240 worth of pudding: $240.00

A case of Gummy Bears: $49.50

Custom-made gold water fountain with likenesses of Tom and Dave that spew Chanel No. 5 from their mouths: $1,200,000.00

Naming rights to Chad Johnson of the Bengals. New name: Chad Ocho-Fool-o: $50,000.00

Mix some of the cash in health shakes until we realized that it clogged the blender: $16.25

Total: $24,000,000.00

We’re still open to your suggestions about how to spend our money should the opportunity arise. Send us your suggestions and any additional comments to Cash4Fools@Fool.com.

To learn more about The Motley Fool’s announcement, click on a link below:

The Motley Fool has a disclosure policy. Marvel is a Stock Advisor pick.


Read/Post Comments (3) | Recommend This Article (165)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 01, 2009, at 10:28 AM, myfairfool wrote:

    I'm impressed with the way you've used the funds to stimulate different economies. After all, we are a global economy now. However, you could have helped GM by giving all your readers a car. Oprah would have been proud. But, she's probably not a Fool. :-)

  • Report this Comment On April 02, 2009, at 3:05 PM, EAKMF wrote:

    You almost had me! I just finished e-mails to my "representatives" in Congress with my observations regarding MF obama and his all too serious foolishness. Then I remembered that the letter was sent on APRIL FIRST!

    I got a big kick from your expenditures of 25MM of our (my) tax dollars! I just wish that the fools who constitute our Federal Govenrment were not doing things more assine! I believe the only answer is term limits.

  • Report this Comment On April 03, 2009, at 12:56 AM, Franbruff wrote:

    I knew you would make them appropriation fools pay when they decided to give you all them taxpayer funds on March 31...and I enjoyed the fooin' around with my money.

    Franbruf

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 864917, ~/Articles/ArticleHandler.aspx, 10/31/2014 6:04:40 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 17,195.42 221.11 1.30%
S&P 500 1,994.65 12.35 0.62%
NASD 4,566.14 16.91 0.37%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes


Advertisement