Choate Construction Co. - Page 4

                                                 - 4 -                                                   
            developing business.  Choate taught Dudley about construction and                            
            how to find construction job leads.                                                          
                  After 1986, Choate became Toon's president, the third                                  
            highest person in the company.  Choate wrote a procedural manual                             
            for Toon.  Choate left Toon for about 6 months to serve as                                   
            operations manager of the Southeast Division of the Carlson                                  
            Construction Co.  After 6 months he returned to Toon.  Toon grew                             
            dramatically and its financial condition improved substantially                              
            while it employed Choate.                                                                    
            C.    Incorporation of Petitioner                                                            
                  Choate left Toon to incorporate petitioner in June 1989.                               
            Economic conditions in the construction industry were poor at                                
            that time.                                                                                   
                  Petitioner initially operated in Choate's basement.                                    
            Petitioner did not pay Choate to use his home.  Choate initially                             
            owned all of petitioner's stock.  Choate has been petitioner's                               
            president, CEO, chairman of the board, and the only member of                                
            petitioner's board of directors since he incorporated it.                                    
                  In 1989, Choate designed petitioner's logo, which petitioner                           
            still used at the time of trial.                                                             
                  Petitioner grew very quickly.  After 6 months, petitioner                              
            had four or five employees in its office and some field                                      









Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011