It turns out that Trump may have called in a major favor: Court records filed Friday show that the bond was guaranteed by the Chubb Corporation, an insurance group. In 2018, Trump appointed Chubb’s CEO Evan Greenberg to a White House advisory committee for trade policy and negotiations.

  • @[email protected]
    link
    fedilink
    128
    edit-2
    9 months ago

    Why would any corporation allow this and not instantly fire the CEO?

    “Hey board, I just tied up a huge chunk of cash, with no possible return on investment, did I do good?”

    • @[email protected]
      link
      fedilink
      619 months ago

      Given the company is worth over $100b I don’t even think something this value would be mentioned to the board, let alone concern them when they just bought a potential president for cheap

      • @cogman
        link
        139 months ago

        People would be shocked at how often insurance agencies are the backers/owners of personal loans. It’s a bread and butter investment for them.

        • Optional
          link
          29 months ago

          This is a loan in name only

      • Optional
        link
        49 months ago

        91 Million is a write-off for them. Not a tax write off (they don’t pay taxes already, obvs), an accounting write-off. Like at the end of the year they just go, “looks like we lost 91 million somehow. Oh well, subtract it from 100 billion and continue laughing

    • @[email protected]
      link
      fedilink
      English
      359 months ago

      Trump is dirty, maybe this guy is dirty too - like, has some power (blackmail?) over the board members?

      • FuglyDuck
        link
        English
        309 months ago

        like I said in a different post… they should probably be investigated.

        • @[email protected]
          link
          fedilink
          English
          219 months ago

          They are a Trump appointee… I bet the correlation there between those who, upon being investigated, end up proven dirty, will be astonishingly high.

      • @Pacmanlives
        link
        69 months ago

        What don’t we all have a golden shower and Epstein video, we want to burry?

        • @[email protected]
          link
          fedilink
          English
          19 months ago

          Uh… no? It seems the price of admission to be Putin’s lapdog though - he will help you, if you help him, but he also wants dirt on you first. He even provided all the necessary materials - the hotel room, prostitutes, camera, and videographer, he’s so helpful that way!:-D

    • @jaybone
      link
      169 months ago

      Probably when trump appointed him he made the company a ton of money. And maybe they are hoping did that again.

    • @[email protected]
      link
      fedilink
      9
      edit-2
      9 months ago

      Ah, yes, the company probably doesn’t even pay a good chunk of their employees a living wage. But they have no problem spending money on stupid shit like this. Classic.