- 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 fieldPage: 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