• @Rilichu
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      1 year ago

      “[Kevin Klowden, chief global strategist at the Milken Institute] explained that the work stoppage will impact other businesses besides production, including restaurants, catering companies, trucking agencies, and dry cleaning businesses, among many others. ‘The main thing we’re really factoring into it is the lost wages,’ Klowden told Yahoo Finance Live”

      Got to sow that discontent for the strikers among other workers. As if the Hollywood business execs give 2 shits.

      Also checked up about this Milken Institute and of course it’s some scumbag think tank. The opening paragraph on their Wikipedia page is great and totally makes them seem like a reputable and unbiased source.

      “The institute was founded in 1991 by Michael Milken, a former Drexel Burnham Lambert banker who gained notoriety for significant financial success as a pioneer of “junk bonds” as well as his subsequent felony conviction and prison sentence for U.S. securities law violations.”

      • @[email protected]
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        111 year ago

        “The institute was founded in 1991 by Michael Milken, a former Drexel Burnham Lambert banker who gained notoriety for significant financial success as a pioneer of “junk bonds” as well as his subsequent felony conviction and prison sentence for U.S. securities law violations.”

        Sounds like a grifter.

        • @Rilichu
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          1 year ago

          He’s seems like one of those shady ass business types that will run a company into the ground while trying to maximize his personal earnings before he skips town on a solid gold private jet.

          Looking at the numbers given on Wikipedia is ludicrous.

          “Milken’s compensation while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s exceeded $1 billion over a four-year period, a record for U.S. income at that time.”

          That’s already nuts but then you look at the company’s financials and its even more insane.

          Revenue: US$4.8 billion (1968)

          Net Income: US$545.5 million (1968)

          The guy was syphoning off a whole fifth of the company’s entire revenue for the last years of its existence before it went bankrupt.

          • @[email protected]
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            11 year ago

            You’re doing a terrible job on selling them as a grifter. They sound a lot like those 80s sociopathic investment bankers that buy companies and then gut the company and destroy lives to make more money.

            At least a grifter has to work to get the grift going.

            • @Rilichu
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              11 year ago

              I was thinking he was more of a Jack Welch more than a typical grifter really

    • DominusOfMegadeus
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      341 year ago

      If only people could be satisfied with MoreThanEnoughMoney, rather than needing LudicrousMoney.

      • @slumlordthanatos
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        31 year ago

        I don’t mind companies wanting to make money. I don’t even mind when companies want to make lots of money. What I do mind is when companies can only be satisfied with making All of the Money, Forever, and not caring what they destroy or who they hurt (or even kill) in the process. Whatever it takes to make Line Go Up.