Houston Rockets owner Tilman Fertitta who is the 44th wealthiest person in the world...

[SlyPokerDog]

Billionaire Houston Rockets owner Tilman Fertitta who is the 44th wealthiest person in the world says laying off his 45,000 employees was a 'favor' amid coronavirus pandemic

• Billionaire restaurant and casino owner Tilman Fertitta furloughed 45,000 staff
• He said he had done staff a 'favor' by ensuring they were first on the unemployment line
• The Houston Rockets owner said it was a trick he learned from previous crisis
• Fertitta is worth an estimated $4.8billion and is the 44th wealthiest person in the world
• He has secured a $250million loan at 12 percent to keep his company afloat
• The Texas-based business man said he believes businesses need to start opening again by early May
• He added it would be year before life would return to normal

https://www.dailymail.co.uk/news/ar...ing-45-000-employees-favor-amid-pandemic.html

 

[EL PRESIDENTE]

Hes probably right. That extra 600 a week is a game changer.

 

[EL PRESIDENTE]

Article says they are furloughed, which I believe let's them keep healthcare benefits.

 

[SportsAndWhine]

He could just give them money from his giant money bin, but sure.

 

[SharpesTriumph]

Sounds like a smart decision.

I don't see why his personal wealth has anything to do with how he runs a business.

Run a business to make money.

Give money and setup charities to help people.

If his business starts acting like a charity it'll be bankrupt.

 

[SharpesTriumph]

He could just give them money from his giant money bin, but sure.

You and me could probably give these people some money too.

That doesn't solve anything.

There is no work to perform for these business and thus no jobs. Casinos and restaurants are decimated. The solution is to eventually allow business to run and have government intervention if required to smooth the macro economy. Requiring rich people to give money away doesn't solve anything.

Not to say the rich should get all the tax breaks they got in the stimulus packages, those are ridiculous.

 

[Chris Craig]

Ruthless

 

[bodyman5000 and 1]

Article says they are furloughed, which I believe let's them keep healthcare benefits.

My wife was being paid her base salary by her company until the govt gave the extra 600 bucks. That made it a 100 more a week she would make on unemployment so they furloughed her.

My wife was devastated and I was happy.

We make more and her employer stays stronger...

 

[KSF-ERIC]

My wife was being paid her base salary by her company until the govt gave the extra 600 bucks. That made it a 100 more a week she would make on unemployment so they furloughed her.

My wife was devastated and I was happy.

We make more and her employer stays stronger...

And it's for 39 weeks. That's about $5000 a month for my husband and me for 9 months. Not bad.

 

[Mediocre Man]

Keep their benefits, unemployment plus the extra from government. Probably not the worst thing.

Not great, obviously, but I see his thinking

 

[bodyman5000 and 1]

Keep their benefits, unemployment plus the extra from government. Probably not the worst thing.

Not great, obviously, but I see his thinking

We can take his money later.

 

[EL PRESIDENTE]

My wife was being paid her base salary by her company until the govt gave the extra 600 bucks. That made it a 100 more a week she would make on unemployment so they furloughed her.

My wife was devastated and I was happy.

We make more and her employer stays stronger...

She is not allowed to even take a phone call or email from work now.

 

[bodyman5000 and 1]

She is not allowed to even take a phone call or email from work now.

She isn't. They are our friends but there isn't anything for her to do anyway. Shut down completely.