What would you call it if your stock broker was working on such incentives?
Mike you are spot on there! It's called illegal. I have no problem with the program, but full disclosure should be the rule a good business model uses, and I'm sure that not all pro's are fully disclosing commissions they might be receiving when making recommedations.
If it's disclosed, no problem.
JB
Welcome to the treehouse JB
......
Well we finally figured out what ails the golf business.
"Illegal" pros making too much money.
Who knew?
It couldn't possibly be overbuilding, building courses in the middle of nowhere, using crappy spread out cartball courses to sell homes, borrowing heavily for clubhouse expansions,lockerroom expansions,dining room etc.,renovating courses every 10 years, running greens at 13, hand raking bunkers, walk mowing fairways,valet parking car washes, keeping up with the Jones cause they're doing it etc........
Fortunately for many club Board members they inherited their money (or perhaps they make "illegal" commissions), because if they ran their businesses the way many run their clubs, they'd be broke and have no money for golf.
C;mon guys, if we want to discuss golf surviving the "business" of golf, let's dig deeper than the golf pro possibly receiving retirement money from Taylormade (who found the niche because they realized most clubs don't provide retirement plans for their pros)
For God's sake the owners(or club officers) of the course have to sign the Retirement + paperwork unless the pro owns the shop, and if he owns the shop,he's not only making a ret + commission, he's(perhaps) making a profit(whie taking the risk he may eat it) or have we become so Obamaized that that's illegal too.
anyone who thinks a pro's getting rich selling a driver for $299 that he bought for $239(and is available at Nevada Bob's for $249) is mistaken.
If he sells 10 he breaks even after eating the two left handed one's he had to buy for the Club president who changed his mind.