Word: trumping
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...which makes Wickham just the right man for the job at hand: a slot- machine tournament at Trump's Castle casino in Atlantic City. Perhaps no one among the 360 participants is better equipped for the slot battle than Wickham, who owns a Jackson, N.J., sewer business whose motto somehow says it all: "If You Ain't on Our S--- List, You're No Friend of Ours." Clearly, here's a man who knows a royal flush when he sees one. But his real game, the one he has sharpened through 20 tournaments during the past four years...
Nothing unusual about taking a building condo to help pay the mortgage. But Donald Trump raised eyebrows last week when he announced plans to convert most of New York City's 84-year-old Plaza Hotel into condominiums to pay off his $300 million loan on the place. He plans to charge an average of $1,600 per sq. ft. for the luxury apartments, or about three times the price of other prime residential buildings in Manhattan -- and most of the apartments won't have kitchens...
Taking the landmark condo could bring the financially humbled developer $750 million, nearly twice what he paid for it three years ago. Trump is characteristically confident about the audacious plan, which he has not yet submitted to the attorney general's office for approval. "I've already been called by so many people looking to buy in," he bragged. "It's going to become a great success." Ex-wife Ivana may feel considerably less bubbly about the proposed conversion. She could lose her job as the hotel's president...
...mind-set probably go back as far as the stock- market crash of 1987, which had little immediate effect on the overall economy but gave many people an uneasy feeling about the Roaring Eighties. The spectacular failures of such '80s heroes as Michael Milken and Donald Trump have discredited the era's role models as well. "The 1980s showed how ugly this country could be, like racism did," says April Gilbert, a Stanford M.B.A. and shipping executive who hopes to join a nonprofit company soon. "In the 1980s I was fed up and almost angry with the behavior of people...
...million. But in Atlantic City, where gambling has been legal since 1976, business has been a crapshoot at best. The city's dozen boardwalk casinos last week reported combined losses of $266 million for 1990, the first annual losses in a decade. One of the biggest losers: Donald Trump, whose Plaza, Castle and Taj Mahal gaming houses lost $174 million...