Dec 2, 2008

The Facts Half-Truths About YTB--Part 4


Today, let's take a look at the fourth tab on the new YTB site called www.TheFactsAboutYTB.com :

Values:
This is one of the shortest pages on the site (if not the shortest) and there is probably a reason for this. YTB seems to be a bit short on values themselves.

Coach is pictured with his saying, “If it ain’t true, don’t say it and if it ain’t right, don’t do it.” It is a nice PR piece, but I would like to present the following:
  • Funneling millions to Beryl Martin(a company that is owned by the Founders) for all marketing materials and convention props aka. statue of liberty is right in Tomer's eyes.
  • Convincing people to buy a website to sell travel which can be obtained for free from Travelocity is right in Tomer's eyes.
  • Purchasing a plane and millions of dollars in property at above market prices from Board members and then selling it at a loss a year later is right in Tomer's eyes.
  • Creating a comp plan where 80% of the RTA's make $0 and less than one half of one percent are making a livable wage is right in Tomer's eyes.
  • Even though less that one half of one percent(163 out of 300000+) makes any money, marketing the "opportunity" as a way to make millions is right in Tomer's eyes.
  • Making questionable loans to Directors and then having to write them off at the expense of shareholders is right in Tomer's eyes.
  • Meridian Bank loan deals that contributed to the Bank being taken over by the State and Feds is right in Tomer's eyes.
They discuss the compensation plan, but this plan is nothing special. Sure it is unique to YTB as anyone's plan is unique to their company. However the deception lies in that they market it as unable to be changed. Well, the program has been changed numerous times--sometimes for the better, and sometimes (like most recently) for the worse.



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