- 5 -
increased his salary to $3 million. Petitioner desired to attain
that level of compensation. He also sought to work less hours
and to pursue leisure activities such as golf. Thus, petitioner
wanted to own an auto dealership in order to maximize career and
salary opportunities.
Robertson assisted petitioner in obtaining an automobile
dealership franchise from American Honda Motor Co., Inc.
(American Honda). American Honda advised that Honda dealerships
were not available and suggested, instead, an Acura dealership.
The Acura dealership, however, could only be assigned to
Robertson because of American Honda company rules that required
preference be given to current dealers. Acura offered Robertson
a dealership in the San Fernando Valley in southern California.
On March 1, 1985, the Acura Automobile Division, a
subsidiary of American Honda, submitted a letter of intent to
Robertson that his application for an Acura automobile dealership
had been tentatively approved. Robertson was assigned the area
around Woodland Hills, California. The letter of intent
contained the estimate that the land and building would cost
approximately $126,882 to conform to Acura's requirements and
that the facility was to be completed no later than March 15,
1986. Finally, American Honda notified Robertson that, as part
of its marketing strategy, another Acura dealership would be
opening in nearby Van Nuys, California.
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