Word: trumping
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...season finale of the reality TV show, “The Apprentice.” The show, which has been ratings gold for NBC, features several contestants vying for “the dream job of a lifetime” working under the tutelage of Donald Trump himself. Each episode features a business contest of sorts between two teams in which the winning team gets a taste of Trump’s luxurious lifestyle, while members of the losing team duke it out in a boardroom, trying to avoid the catchphrase, “You’re Fired...
...Gatsby-esque world of the ultra rich. Maybe the recent spate of corporate scandals has made the inner-workings of the boardroom appear more exciting. Regardless of the reasons, the fact remains that “The Apprentice” has been an amazing self-promotional vehicle for the Trump...
...business? Trump Hotels' shareholders have concerns. "I don't think he knows a thing about running the casinos," asserts Marvin Roffman, an analyst and longtime Trump critic at the investment firm Roffman Miller. The cash-starved casinos are run down and have been losing customers to newer outfits like the Borgata Hotel Casino & Spa, which opened last year. Since selling initial shares to the public in 1995, Trump Hotels has never recorded an annual profit and the stock has fallen 84%. If Trump gets the deal he wants to recapitalize the company, existing shareholders may get wiped...
...Trump is asking investors, who hold $1.8 billion in bonds, for a lower interest rate and what amounts to some debt forgiveness in return for stock and other considerations. He would not retain a controlling stake but would stick around in a high-profile role to promote the casinos. The key is a proposed $400 million investment by Credit Suisse First Boston, which would then own most of the company. Trump says he will use the infusion to pay off debt and reinvest in the properties. Some of Trump Hotels' bondholders are furious at the request to restructure the debt...
...Trump may get most of what he wants anyway--not because of his managerial acumen but because the brand he has promoted so tirelessly is a key asset. "His name has cachet," says Kim Noland, debt analyst at Gimme Credit newsletter. "That might actually help with customer count." Trump is a tough negotiator too. He knows from experience that when you owe billions, the creditors are in just as much trouble as you are. And he isn't all that desperate. His outsize ego could no doubt handle the potential Atlantic City bankruptcy, and his stake in the casino properties...