- 51 - Management’s cattle marketing director from 1987 through 1990,28 estimated Management during those years managed a total of 5,000 cattle annually. Of the 5,000 total cattle, she further estimated 3,000 were mature female cows and another 1,000 cattle consisted of weaned male and female calves. She also related that the total numbers of cattle annually present stayed about 28Mrs. Schnitker had begun working for the Hoyt organization as Ric Hoyt’s secretary. She eventually became Ric Hoyt’s assistant, as he traveled extensively on business and was out of the office for substantial periods during the year. In addition, she had some background in the cattle business and was familiar with the required paperwork, as her husband (who also worked for the Hoyt organization) previously had worked on several ranches. Mrs. Schnitker became Management’s cattle marketing director in late 1987, when Ric Hoyt either left the Hoyt organization or reduced his activities on the Hoyt organization’s behalf. She served as Management’s cattle marketing director from late 1987 through July 31, 1990. As cattle marketing director, Mrs. Schnitker reported to another individual who served as Management’s general manager. In connection with being cattle marketing director, Mrs. Schnitker had to see that sufficient cattle were sold to generate the funds Management needed to pay its operating expenses. In addition, she was responsible for Management’s cattle registration department and was Mr. Hawkins’ supervisor. (As indicated previously, Mr. Hawkins helped maintain the Hoyt organization’s cattle records.) Mrs. Schnitker related that generally the cattle sold to third parties were mostly bulls and steers and included only a few cows, as she had been told female breeding cattle were to be sold to the cattle- breeding partnerships. However, she added that, on occasion, when Management’s financial needs were pressing, a load of heifers would be sold. Mrs. Schnitker further testified that she did not know whether any of the cattle sold had belonged to the cattle-breeding partnerships. She elaborated that she relied on Mr. Hawkins for information on the cattle Management managed, as she would have to have accurate information regarding what numbers of cattle were available to be sold to meet Management’s cash operating requirements. She also stated she considered the cattle information Mr. Hawkins provided to her to be reliable, as she knew him to be a careful and meticulous individual.Page: Previous 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 Next
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