Word: trumping
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...agreement, subject to the approval of the bondholders and the New Jersey Casino Control Commission, will forgive at least $13 million of annual interest and allows Trump and his investors to split ownership of the casino fifty-fifty. Provided he can meet certain performance goals, Trump will retain control of the company as chairman...
...self-proclaimed King of the Deal managed to stave off disaster again -- but for how long? Last week Donald Trump missed a $47 million semiannual interest payment on $675 million worth of junk bonds used to finance his Taj Mahal casino in Atlantic City. Taj bondholders had the right to foreclose completely on the casino, but the developer persuaded them to go into business with him instead...
...agreeing to come to terms before they appear in court, Trump and his bondholders hope to limit to a few weeks the time the Taj spends in Chapter 11. But while Trump seems to have put out one fire, he will soon be busy with others. Over the next several weeks, he must make two more multimillion-dollar interest payments -- for Atlantic City's Trump Castle and Manhattan's Plaza Hotel...
...imagine, however, that Mr. Harvard has a certain sentimental attachment to the place and, therefore, I would like to assure you all that any changes I would make to Harvard University would only make it even classier. In fact, under my leadership, I am confident that Trump University would enter the 21st Century as the center of classy learning in the world...
...course, this is only one of my ideas, but it is enough to show you that I have the energy and know-how to make Harvard University, as Trump University, an even classier place to get a liberal arts education. My people will be in touch with your people. Sincerely, The Donald Trump Tower...