Ben Langhinrichs

- Ben Langhinrichs

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Genii Weblog

Can't anybody say "You're fired"?

Mon 22 Nov 2004, 10:03 AM

by Ben Langhinrichs
Wherein I bemoan the fact that bankruptcy is now considered a business tactic and not a failure.

Trump's casinos file for bankrupcty

The really sad lines are:

...last month clinched a restructuring pact with bondholders that would cut his stake in the company but preserved his role as chairman and chief executive.

and then a bit later

It marks the second bankruptcy for Trump's casino empire

His secondbnkruptcy, and they keep him on as chaiman and chief executive. Bemoan, bemoan.

Copyright © 2004 Genii Software Ltd.

What has been said:

236.1. Richard Schwartz (11/22/2004 10:38 AM)

What I want to know: how the heck does one lose money in the Casino industry? It must take a special kind of talent to lose in an industry where the law allows you to always rig the odds in your favor.

-rich

236.2. Ben Langhinrichs (11/22/2004 10:47 AM)

I agree, but that is Donald Trump for you... a special kind of talent.

236.3. Richard Schwartz (11/23/2004 11:02 AM)

You may enjoy this.

http://www.blogmaverick.com/entry/1234000637021322/

A catfight between rich guys.

-rich