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malaise

(267,812 posts)
Sun Jun 19, 2016, 08:03 PM Jun 2016

The 1% don't give a flying fugg!

https://www.theguardian.com/business/2016/jun/19/sir-philip-green-takes-delivery-of-46m-private-jet-says-media-report
<snip>
Sir Philip Green is understood to have taken delivery of a new private jet, adding a £46m Gulfstream G650ER to a transport collection that includes a speedboat, a helicopter and three yachts.

The billionaire businessman – who last week appeared before MPs to be questioned on his role in the demise of BHS, which has put 11,000 jobs at risk – is apparently now the owner of an upgraded jet the manufacturer’s website says comes with handcrafted seats and divans, widescreen TVs and porcelain dinnerware as standard.


They have arrived at a time when Green is facing questions about a £571m hole in the BHS pension fund following the sale of the department store business to Dominic Chappell for £1 in March 2015. Green’s family received hundreds of millions from BHS in dividends and rent. The department store collapsed into administration just 13 months later, and the staff now face losing their jobs and pension cuts.

Green’s jet purchase was reported in the Sun on Sunday, which quoted a source who said: “It’s the most luxurious private jet on the planet, the fastest of its kind. Most employees at BHS will struggle to even pay for a budget flight to Spain this summer. So the idea he’s splashing out on this will be hard to stomach.”
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The 1% don't give a flying fugg! (Original Post) malaise Jun 2016 OP
And why should they? (nt) enough Jun 2016 #1
To them, the loss of $55,000 a year is nothing, they spend more on underwear Warpy Jun 2016 #2
Isn't that the truth malaise Jun 2016 #3
The wealthy have a completely different set of values. It's not that they wish us to die rhett o rick Jun 2016 #5
Hard times are for the little people.... Crepuscular Jun 2016 #4
Yep+1 840high Jun 2016 #6

Warpy

(110,908 posts)
2. To them, the loss of $55,000 a year is nothing, they spend more on underwear
Sun Jun 19, 2016, 08:16 PM
Jun 2016

They are just so disconnected from the rest of us they don't realize that $55,000/year (and less) is all those 11,000 people have to live on and it doesn't go all that far.

That's the problem. That's why when things get bad enough, the 1% lose their heads. Then their hired help take over and the whole process starts all over again.

malaise

(267,812 posts)
3. Isn't that the truth
Sun Jun 19, 2016, 08:19 PM
Jun 2016

You would think that given his role in the demise of BHS he would hold off on this purchase but he'll shown them.

Clearly they don't read history...it's can't happen to them.

 

rhett o rick

(55,981 posts)
5. The wealthy have a completely different set of values. It's not that they wish us to die
Sun Jun 19, 2016, 09:58 PM
Jun 2016

but we have resources that they want and if we die in the process, it's not personal, it's just business.

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