acbytesla
Penultimate Amazing
- Joined
- Dec 14, 2012
- Messages
- 38,115
Fortune magazine writes
Let's hope that Trump isn't allowed to run the US.
Slowly, but surely, the myth that Donald Trump is a great businessman crumbling as it has been revealed that the hotels that Trump managed lost $1.7 billion over 15 years.
From its IPO in 1995 through two separate bankruptcies in 2004 and 2009, Trump Hotels—and its successor, Trump Entertainment—never made money. Year after year its operating profits were decimated by gigantic interest costs. Over the almost 15 years that Trump served as chairman, the casino company posted net losses, excluding extraordinary items, totaling nearly $1.7 billion.
Let's hope that Trump isn't allowed to run the US.
Thread was getting long again, split from here.
Posted By: zooterkin
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