Sidney C. Shaw - Page 5




                                        - 5 -                                         
          Petitioner’s compensation from Luttrell was $34,718.30 and                  
          $34,872.00 for 1995 and 1996, respectively.                                 
               Shaw’s Gulf also leased and operated four other convenience            
          stores in which petitioner held no direct nor indirect ownership            
          interest in the property.                                                   
               Barden Kellum (Kellum), vice president of operations,                  
          managed the day-to-day operations of Shaw’s Gulf and its                    
          affiliates and was responsible for the maintenance of the                   
          properties leased by Shaw’s Gulf.  Kellum consulted with                    
          petitioner either by telephone or in person approximately 3 to              
          5 hours a week.                                                             
               Shaw’s Gulf also leased a house located in Stillwater from             
          R&S.  Petitioner contributed the house to R&S sometime prior to             
          the years in issue.  Kellum was not responsible for any of the              
          residential rentals because petitioner hired an agency to manage            
          the residential rentals.                                                    
          C&A Trucking                                                                
               C&A Trucking was a subsidiary of Shaw’s Gulf.  C&A Trucking            
          was in the transportation business; on a call-and-carry basis, it           
          delivered petroleum products.  About 25 to 35 percent of C&A                
          Trucking’s business was from Shaw’s Gulf.  Stephen Shaw, general            
          manager of C&A Trucking, managed the day-to-day business                    
          operations, dispatch, and billing.                                          








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