26 November 2004

Today's class

Okay students. Stop slouching. That's better. Today, I'd like to review what we've learned from Donald Trump in the Apprentice. First all maybe we should go over what we covered in our previous classes.
  • $1.3 billion in debt, Trump Hotels & Casino Resorts is going bankrupt, this being the second time that Trump has guided his casino businesses to bankruptcy.
  • Under bankruptcy, Trump will see his stake in the company shrink from 56 percent to 25 percent. (Many of his investors, on the other hand, will end up with less than a penny per dollar of original investment).
  • While the company's tanking, Trump's company will still pay him 2 million each year for his management expertise.
  • For the first season of The Apprentice, Trump made $50,000 per episode for his appearance in each of the show’s 15 episodes, or $750,000 total. His salary for this last season increased ($1 million per episode?) making him the highest paid actor ever!
  • Trump made the best-seller list this spring with Trump: How to Get Rich.

So what are the lessons you apprentices take home from this?
  • Capitalism is about making profit for numero uno. When the ship starts sinking, the captain should jump ship, taking the only lifeboat.
  • The escape in the lifeboat works best if done in the middle of the night when the crew is all sleeping. (For details on this, review Enron's recent history).
  • When profits are rolling in, it's time to play Who Wants to Be a Billionaire. When the company bleeds red, it's time to play Let's Make a Deal with creditors. If offered a penny to the dollar, they'll take it if it's all they can get.
  • Let's cut all this crap about "corporate responsibility" and other such nonsense. The bottom line is always greed.

Very good class. Now everyone repeat after me. Greed is good. Greed is good. Greed is God.


Recent Trump news stories include these from CBS News, the National and Hotel Online. Blogs on Trump include Blog Maverick, The Warrior Class blog, Paul Katcher, Talk Left, Stormy's Corner, and last but not least, the Apprentice Blog.
And on Jay Leno: “After pressure from the United States, it looks like 80% of Iraq's debt will be forgiven by creditors. 80%. And our latest story, today Donald Trump said to Bush, ‘Hey, could you invade my casino?’”

10 comments:

Anonymous said...

.
Trump is the worst kind of scum. I couldn't BELIEVE it when he got a show. (It's not doing well in the ratings this season, BTW. Take the money & run, Scumbag!) I thought everybody knew.

Never mind his personal life. He's never been much good at anything but con-jobs and self-promotion. The media have conspired with him to con millions out of innocent chumps who believe the hype. He's always on the edge of bankruptcy, but always keeps his own pockets full.

Good for him. Except, he made his bones in NY real estate on Daddy's name, which he parlayed into a huge break from the City on his first big deal. Daddy had made his dough on housing the average guy. The Donald was only interested in millionaires. He was a major player in the beginning of the era of "gentrification," and homelessness. No coincidence there.

So, the first popular superstar of real estate got there by making people homeless. Like I said, he's the worst kind of scum.
.

Cosa Nostradamus said...

.
anonymous my ass

that was me

forgot to click on my name button

sorry

sue ME if you're looking for a defendant, Donny-boy
.

Karlo said...

It's good to see that there are a couple of us throwing spitwads at the teacher in the class of "apprentices."

Susannity! (Susanne) said...

I'm know the cast of Friends each made 1mill/episode, and I'm pretty sure Mr. Seinfeld did too.

Mr. Trump sure is an interesting character. But there are so many in his eschelon who also do the corporate underhandedness he does. I think they look at it as just the way business goes.

Karlo said...

The article I read that said Trump was the highest paid actor was actually written before the second season of Apprentice so I'm not sure if he actually received more money. I find it interesting that so many Americans consider such people to be heroes to be emulated. I agree that he's simply someone who has made the system work for him, but I don't think there's anything particularly noteworthy or honorable about greed or making obscene amounts of water. Why aren't we all watching a show called "The Social Worker" in which a group of people wander around the poor parts of a city to see if they "have what it takes" to be a truly altruistic member of society?

Karlo said...

The article I read that said Trump was the highest paid actor was actually written before the second season of Apprentice so I'm not sure if he actually received more money. I find it interesting that so many Americans consider such people to be heroes to be emulated. I agree that he's simply someone who has made the system work for him, but I don't think there's anything particularly noteworthy or honorable about greed or making obscene amounts of water. Why aren't we all watching a show called "The Social Worker" in which a group of people wander around the poor parts of a city to see if they "have what it takes" to be a truly altruistic member of society?

Cosa Nostradamus said...

Are you kidding?
Have you ever seen the hair-do's those social workers have?

Karlo said...

What would they have to compete with? The dyed toupee that nests atop Trump's head?

Anonymous said...

That's a toupe???

GET ATTA HERE!!!

Karlo said...

I lack definitive proof but its just gotta be. At any rate, if it later turns out to be true, you heard it first here!