LYCOS RETRIEVER
Howard Hughes: Noah Dietrich
built 230 days ago
Hughes was able to keep and maintain highly qualified managers in his companies by promising them large sums of money at the end of their careers. In order to be able to give them the most money without taxation, Hughes would make an arrangement whereby he would publicly criticize a certain manager that had recently left his company. Then, the manager would sue Hughes in court for public defamation. A settlement was given to this manager in court which was not subject to taxes. This happened with Noah Dietrich, Robert Maheu, and others. For example, Robert Maheu was awarded $2.2 million in a defamation lawsuit shortly after leaving Hughes' employ.[27]
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Hughes hires Noah Dietrich, a former race-car driver turned accountant. Most experts agree that it is Dietrich who turns Hughes into a billionaire. Says Robert Maheu, later Hughes’ chief adviser, ‘He was delivering Howard profits of $50 to $55 million a year. Big bucks in those days.’
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The jet financing issue provoked the end of Hughes' relationship with long-time associate Noah Dietrich. They argued over the financial details of the deal, and Dietrich could not be persuaded. Picking a fight with Howard Hughes was always a headache, and after Hughes locked him out of his office, he had
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