In the discussion thread: He doesnt like this sh*t: Trump reportedly hates his job and his staff after less than a month [View all]
Response to The Velveteen Ocelot (Reply #194)
Fri Feb 10, 2017, 05:10 PM
exboyfil (12,076 posts)
195. He was involved in at least one corporation
He did well. The other owners not so well.
https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html?_r=0 After narrowly escaping financial ruin in the early 1990s by delaying payments on his debts, Mr. Trump avoided a second potential crisis by taking his casinos public and shifting the risk to stockholders. And he never was able to draw in enough gamblers to support all of the borrowing. During a decade when other casinos here thrived, Mr. Trump’s lagged, posting huge losses year after year. Stock and bondholders lost more than $1.5 billion. |
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