Partly cloudy skies this evening will become overcast overnight. Low 73F. Winds SSW at 10 to 20 mph..
Partly cloudy skies this evening will become overcast overnight. Low 73F. Winds SSW at 10 to 20 mph.
Updated: April 7, 2020 @ 6:24 pm
April 7, 2020
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I dreamt that Mr. Fertitta decided to do what some local business owners are doing - keep their workers on the payroll as long as they can, even though business has dried up. In my dream, he continued paying the 40,000 workers he just laid off $15 an hour, and he did this for a month. If my calculator is correct, this would set him back about $100 million. His net worth is 4.4 billion, which means that his generous gesture would cost him less than a quarter of 1 per cent of his worth- he would still have about 4.3 billion left. But in the real world this is way too much to expect - if we want a more equal nation, we are going to have to make some serious changes to our political/economic system, not rely on the generosity of billionaires.
I don't disagree with your sentiment, but I'll just point out that $4.4B doesn't mean $4.4B sitting in a bank account. It may be simply the equity of all his restaurants and attractions - not easily converted into cash.
I agree Rick, spot on. Nobody needs that much money, I won't spend another dime on any place that he owns from now.
"There are too many people in the world who just sit and watch their money pile up, that is very hard for me to understand." Henning Mankell
Before you are too hard on Tilman Fertitta, are other billionaire's doing the same or worse. Of the 585 U,S, billionaires, are they doing the same or are they paying employees? What is Trump doing about the people that work for him?
The world’s richest man, who owns Amazon tries to get his employees to take responsibility for his workers well being.
"Whole Foods CEO John Mackey explained that one of the options available to workers was for them to “donate” their “paid time off” (pto) days to a pool that other workers could draw from. “Whole Foods is owned by Amazon whose CEO and biggest shareholder is the world’s richest man"
Tilman Fertitta's net worth is about the same as Richard Branson’s.
“ Richard Branson’s net worth is $3.8 billion/ The following is what said about people that work for him.“The owner or partial owner of Virgin airlines has suggested they take 8 weeks of unpaid leave
Google Marc Cuban the owner of the Dallas Mavericks and see what a real business owner is doing for employees who are out of work because of COVID-19.
You can tell who here understands real wealth and who doesn't. Landrys Inc. doesn't have $4.4 Billion sitting in a bank somewhere, I would doubt they even have $100 Million sitting in a bank. Most of their assets are in real estate and equipment.
Robert , Tillman has a hundred million dollar home in Houston. 35 million dollar yatch.
Is it necessary to officially lay off staff for them to be able to apply for unemployment benefits, or for other benefits in the bill before Congress right now?
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