In the real world, it doesn't

work like this. "Managers" are held to be bottom-line, P&L

responsible. This is also a simple principle. Make money or die!

These non-elected officials

are spending PTC future tax money with total disregard and unconcern.

With the gall of an Enron executive, they maneuver skillfully to justify

their actions. They claim their actions are not illegal.

I personally doubt the validity

in this, but it is of little matter. They deserve to be canned because

they are losing tons of money. Simply put, they are poor managers.

If I worked for a company that

borrowed money to meet salaries, I'd get my resume out fast! That company

is on the rocks.

Seasonal trends? What business

doesn't have them? Real managers are paid to work and adjust cash flows

for this. That's why they are called "managers."

The Development Authority is

in short not doing its job. It should be contributing to PTC taxes by

expanding business, not starting them and mismanaging them, then propping

them up with loans based on future tax revenues.

Where did you guys learn this?

If it was a business school, please let us know the name so we can redirect

our youth elsewhere. You have it backwards! You should be canned because

you simply are not doing the job. Forget the rationales, forget the legality

of it all, which is questionable; you should go because you are costing

PTC money when you should be adding to its assets. That is you job.

I have worked for a number

of companies as a general manager. Though it has often been tough, I have

always made money, maybe not as much as we all wanted, but my numbers

were always in black ink. Even today, in this poor economy, the small

company I manage can say we have been profitable for the last 72 months

on a monthly basis. It may indeed be a small company, but it puts my bottom

line ahead of a lot of others.

Unfortunately, this includes

the PTC Development Authority's businesses.

You should not "step down,"

you should be fired for incompetence. If I did what you have done, I assure

you I would be unemployed quickly. For those who say, "It's different

for PTC," my response is, "Why?"

You see, if I fail, I have

no taxes to base loans on. My income, indeed my job security, is based

on performance. Always has been, always will be.

Why should the PTC citizens

and taxpayers settle for less?

Rick Gauthier

[email protected]