@Madockawando posted:I saw a link to the old "Train Wreck" article and I decided to give it a to re-read. https://www.inc.com/magazine/20050201/mth.html
My comment: .... Wolf says he's cut his own salary from $195,000 to $35,000 a year and has sold off much of his personal train collection. Sales are down to about half their peak from five years ago, as demand in the O-scale market has shrunk. Blame the economy, but also blame overproduction fostered by the poisonous competition between MTH and Lionel. MTH made a five-figure profit in 2003. The expectation for 2004? "We're going to lose six figures," says Wolf."
My comment: Wow... This has been and continues to be a fascinating chapter of the history of the O gauge hobby.
Don't equate Mike's salary with wealth creation. They are totally different. And think about the size of Mike's collection. At some point storage alone becomes a problem. If you ever went to Tony Lash's layout you would certainly understand that.
Gerry
