Sunday, April 26, 2009

Joystar Uses Agent Commissions to Pay Employees

Source: TravelPulse

"Host agency Joystar, now in Chapter 11 proceedings in U.S. Bankruptcy Court in the Southern District of Florida, reported in court filings last week that it had received just over $46,000 in commissions between Feb. 10 and Feb. 28. It said it returned just over $2,800 in commissions, giving it a total commission income of $43,000. Its payroll for the month was $41,000 and of that payroll, just under $10,300 went to William Alverson, the company’s CEO, and just over $8,400 went to Katherine West, the company¹s executive vice president. Another $4,000 went to an independent contractor. The rest of the payroll went to seven other employees. Joystar filed the papers as part of its standard monthly operating report. "

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