Question
Mr. Snow has worked for the Jones auto parts store for 12 years. He started as a sales manager. He was the assistant store manager
Mr. Snow has worked for the Jones auto parts store for 12 years. He started as a sales manager. He was the assistant store manager for six years before he was fired by the owner after a heated argument. Mr. Snow started working at the store for $16,000 per year. Right before he was promoted to assistant manager, he was earning $21,400. His first year salary as assistant manager was $25,000, and he was earning $33,500 when he was fired. Mr. Snow was 45 years old at the time he was fired.
In this damage claim, Mr. Snow is seeking $2,250,737 in lost compensation. In the expert report filed on Mr. Snow's behalf, the expert explained his calculation of damages as follow. M.r Snow's salary grew at an average annual rate of 9.11 percent. This rate was calculated by dividing his final salary of $33,500 by his first year salary of $16,000. the result showed an increase of $109.375 percent ($33,500/$16,000)=2.09375 percent. Next, the expert projected a 9.11 percent salary increase compounded annually for Mr.Snow for the remaining 20 years that he expected to be employed by the Jones Auto parts Store. He then summed the expected annual salaries to arrive at the alleged damages amount.
You have been hired as an expert witness by Jones Auto Parts Store to provide rebuttal testimony to the expert hired by Mr. Snow. Without regard to the issue of liability in this case, critique the damages estimate of Mr. Snow's expert providing as much reasoning and support for your position as possible.
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