A few things from the WT Treasurers Office:
>Stephen Lett was 100% honest in stating some time ago on a monthly broadcast that more money was flowing out than was flowing in. Of course the money he was talking about flowed out of a $40-50 billion USD worldwide asset pool. [Its going to take a lot of $40 million dollar lawsuits to make a dent]. I was reminded that there is a huge difference between annual revenues (700m-1.5b) and WWAV world wide asset values that can be drawn from.
>Times are changing. Publisher growth has slowed. In the digital world trend, people don't want magazines and books. The WT machine is adjusting to that. Brooklyn $2bn selloff + all the equipment/assets in those buildings sold off. 20% reduction in WW project costs. Investments (relatively cheap) in 20 year (cloud) data infrastructure. Free remote workers by the thousands. 3rd party outsourcing in construction, transportation, and A/V departments.
>No chronic financial problems. Just acute expenditures requiring that best course business decisions be made. As of my last conversation (02/2019) there are a thousand KH building projects going on during any given month world wide.
>The Russian Federation asset seizure rocked the GB and Treasury Dept with much indignation (like $125 million worth). The WT corp frustration was primarily taken out counsel that originally structured what was held as a "bulletproof" way for US corp to own Russian property and circumnavigate the Russian legal system. (not exact comparison but think: view towards foreign embassy property/diplomatic property in the USA)
>Constantly on the financial planning agendas: what to do when non-profit/religious assets are subject to federal/state/local taxation.
More to come.