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Administration: Susan Lynd, David Richardson, Clementina Allured, Hope Almash, Melissa August, Sharon Boger, Donald N. Collins, Joan A. Connelly, Ann V. King, Judith R. Stoler News Desks: Breena Clarke, Douglas Dale, Brian Doyle, Suzanne W. Marcou, Waits L. May III, Jacalyn McConnell, Susanna M. Schrobsdorff, Pamela H. Thompson, Diana Tollerson, Joanne Waugh, Ann Drury Wellford, Jean R. White, Mary Wormley...
ADMINISTRATION: Donald Sweet, Alan J. Abrams, Denise Brown, Martha Clark, Helga Halaki, Tosca LaBoy, Katharine K. McNevin, Barbara Milberg, Teresa D. Sedlak, Deborah R. Slater, Rafael Soto...
Before making his fateful decision to sink $1 billion into the bejeweled Taj Mahal Casino in Atlantic City, Donald Trump should have done his homework on the ill fortune that befell the builder of the original Taj. The cost of constructing the 17th century Indian marvel, which took 20,000 laborers 22 years to complete, eventually exhausted the royal treasury of the Shahjahan and triggered the decline of the Mogul Empire. Nearly 350 years later, the Taj's modern namesake may have unleashed the grandiose downfall of Manhattan's self-styled King of the Deal...
...prospect of his downfall set off a fresh round of amazement among Trump watchers, who only four months ago had savored the melodrama of his separation from his wife Ivana and his affair with the model Marla Maples. The distress of Donald, the biggest self-promoter of the past decade, was too poetic to resist. TRUMP IN A SLUMP declared the New York Daily News. UH-OWE! said the city's Post, which dubbed Trump's new casino "the eighth blunder of the world...
...time, Trump began to suffer from management problems. Last October his casino operations suffered a tragic loss, when three of Trump's top-notch casino executives died in a helicopter crash. Among them was Stephen Hyde, 43, chief executive of Trump's gaming operations. "Steve knew how to force Donald to listen," says Jack O'Donnell, who headed the Plaza Hotel and Casino until he resigned in April. "Once Steve was gone, Donald had to get more involved in the business. He started operating the budget based on his ego, not on reality." As the opening of the Taj came...