Subject: What is going on with Frank N.?
From: (RSHaas)
Date: 07/29/2003 10:08 PM Eastern Daylight Time
Message-id:

"Bill Goichberg. It was reported he makes 300,000 a year. How else could he
afford those fancy cars he drives. (StanB)
==============
I know nothing about BG's personal finances but it seems to me he began
his
career as a chess promoter with a lot of money... maybe family money. I
don't
think he started small and worked his way up the financial ladder from chess
alone.

I started running tournaments full time in 1967 with no money. For about 25
years I barely got by, probably averaging less than the minimum wage. About
1993-1994 I learned how to do things better and since then have averaged about
$75,000 income per year.

If he makes $300,000 per year I'd doubt all comes from chess
tournaments. He must have some non-chess investments or business activities.


I have never made $300,000, or even half that, in one year. Anyone who claims
that is probably using the "entry fees minus prizes" method of calculation,
overlooking other expenses (for instance, CCA sends out about 350,000 pieces of
mail each year and pays another $50,000 or so for advertising).

Bill Goichberg

(RSHaas)