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.


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.

A catfight between rich guys.