led Bob Parsons to lay off 25 employees at his exclusive Scottsdale National Golf Club in March, the 69-year-old billionaire applied for a Paycheck Protection Program loan.
Was Parsons concerned about the backlash he would face as a billionaire asking for a federal handout? Maybe a little, he admits. But that was not the driving force for returning the PPP money, he insists. “It seems like we have all that cash, but we don’t,” he says. “We do, if our stocks were doing really good—then we could always borrow against the hedge fund. But when it’s dropping like that, you don’t want to borrow because you may lose it all.
Recently, Parsons started drive-in movie nights at two of his shopping centers to boost business for his restaurant tenants. For the past two weeks, it's been mostly sold out, he says.Since the shutdown started, Parsons says his businesses have collectively lost $500 million in value. But he isn’t too worried.
Parsons says he sometimes goes into his Scottsdale office himself to help out his skeleton crew. “It’s not like nuns in a Catholic school dance, where people are putting yardsticks between people,” he says. “It’s 6 feet [apart], and we wear masks. We have sanitizer all over.”
KristinStoller Never thought i would be earning this much 24hours from bitcoin investment.things has actually changed since i started trading with TradewithFx investing $3000 and getting $30,000 was something i never expected thanks.
KristinStoller The live makes changes. Personally understand that situation
KristinStoller Thanks
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why GoDaddy Billionaire Bob Parsons Gave Back His $8 Million PPP LoanHaving received a stimulus check for his many businesses—including a golf equipment company and Harley-Davidson dealerships—the serial entrepreneur explains his abrupt U-turn. KristinStoller A formal suit, a motorcycle, and a set of golf clubs. This is an odd staging of a photograph. KristinStoller Because..he's.. a..billionaire? Or he wants to fire people... Either one So he could get a write up by a sycophant FakeJournalist at forbes DUH
Source: Forbes - 🏆 394. / 53 Read more »
Dr. Gottlieb on why he's hopeful, why this isn't a uniform epidemicDr. Scott Gottlieb discusses coronavirus testing at the White House: 'They want a test they can turn over quickly. They want to get a quick result because they're bringing people in and out of the White House —and that's why they like the Abbott machine.' With the Abbott test: They want a test they can turn over quickly. They want to get a quick result because they're bringing people in and out of the WH. But the truth is many may have been unnecessarily exposed to the virus because they weren’t informed of the false negatives? Faster, better, cheaper.. Shouldn’t work when lives are at risk.
Source: MSNBC - 🏆 469. / 51 Read more »
Why individual investors shouldn't take their cues from billionaire investors, according to one top financial adviser | Markets InsiderAs billionaire investors make the rounds on CNBC and other outlets, sharing their views on the stock market, one top financial adviser says ever... Because billionaires are bearish and the broker would lose AUM commission? You shouldn't listen to any one of them, but if you listen to all of them, you get a wide variety of quality perspectives. FedPorn chart updated 👍
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 Reasons Why You Didn’t Get A Stimulus CheckStimulus checks are coming to offer relief to Americans during the COVID-19 crisis. If you didn't get one, here's why. None of the reasons apply to me 🤷♂️
Source: Forbes - 🏆 394. / 53 Read more »
Why Purpose-Driven Businesses Are Faring Better In Covid-19Purpose-driven businesses are more resilient, thanks to the motivating effect of working toward something larger than profit or growth for its own sake. All companies can harness their potential impact to innovate and collaborate in more effective and human ways. Women Connection to purpose drives greater discretionary effort from all parties in the company. There is an emotional connection greater than any monetary reward for delivering outcomes. LeadingThroughChange leadership
Source: Forbes - 🏆 394. / 53 Read more »
Blood Yields Clue to Why COVID Is Tougher on MenNew research suggests that men have higher concentrations of a blood enzyme that helps the new coronavirus infect human cells, which may explain why COVID-19 often hits men harder than women. This is not the case in my country. CuomoPrimeTime this I made me think of you when you said the virus had hit you so much harder than it did your wife, Christina. So glad you are all doing well now. 🙏 sufian_101 الترجمة: الرجال عندهم دم الستات لا
Source: WebMD - 🏆 709. / 51 Read more »