General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsChuck E. Cheese going belly up, and it's not about the virus...
https://patch.com/new-york/northfork/s/h5bhx/chuck-e-cheese-could-close-all-restaurants-including-4-on-li?utm_term=article-slot-2&utm_source=newsletter-daily&utm_medium=email&utm_campaign=newsletterApollo Global Management bought it and took it private around 2014--- that means milk it for what they can get out of it.
Well, it's milked dry and they owe a billion and bankruptcy looms. But that didn't stop them from giving out $3 million in "pre-bankruptcy bonuses".
Beartracks
(13,421 posts)Every surface in those places was a greasy Petri dish. In my germophobe opinion, that is.
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Initech
(101,456 posts)I wouldn't touch one of those ball pits if you paid me.
Gidney N Cloyd
(19,847 posts)How does vulture capitalism destroying businesses and sucking out capital into private pockets beneficial to the economy?
TreasonousBastard
(43,049 posts)JHB
(37,340 posts)...so the only people who lobby hard about it are the people who like the current setup and are pushing for more.
I'm not an expert, but my sense of it is that these games are responsible for most of the job losses usually blamed on "trade deals! NAFTA! RARRRW!"
When this subject comes up it's always instructive to break out the 1991 Philadelphia Inquirer series by Bartlett and Steele:
http://www.philly.com/philly/opinion/inq_HT_WhatWentWrong1991.html
How game was rigged against middle class
After three decades, American worker loses out to Mexico
Who - and how many - in America's middle class
DAY 2
The lucrative business of bankruptcy
DAY 3
Big business hits the jackpot with billions in tax breaks
DAY 4
Why the world is closing in on the U.S. economy
DAY 5
The high cost of deregulation: Joblessness, bankruptcy, debt
DAY 6
For millions in U.S., a harsh reality: It's not safe to get sick
How death came to a once-prosperous discount-store chain
DAY 7
Raiders work their wizardry on an all-American company
DAY 8
When you retire, will there be a pension waiting?
Workers saving for their retirement lose on junk bonds
DAY 9
How special-interest groups have their way with Congress
America's two-class tax system
This has been with us for a long time.
Blasphemer
(3,263 posts)betsuni
(27,245 posts)I hate it when people blame trade deals for job losses just so they can blame Democrats for things that started long before NAFTA (and call them neoliberals).
Blue_true
(31,261 posts)That is the reason larger cities have many hospitals and rural areas are seeing hospitals closed. To those funds, it is about cash flow and profitable patient counts, they have no interest in providing needed services at a reasonable cost.
Have a conversation with your own Doctor, if that person is willing to discuss it. Doctors today are likely to be part of a larger company that route patients between connected specialists, labs, and hospitals.
keithbvadu2
(39,652 posts)Buy a company, preferably with debt... theirs, not yours.
Sell off assets
Milk it dry of money
Load it up with debt.
Restructure/bankrupt it.
Make sure you get lots of fees/bonuses for doing it.
If you're good, you can also get much of the employees' pension fund.
See ya!
Gidney N Cloyd
(19,847 posts)TheFarseer
(9,461 posts)The venture capitalists borrow money to buy the company and then the company they bought has to pay the loan. Does it work that way with ANYTHING else? Can I go to Starbucks and tell the guy at the register The coffee owes you the money now. After I take a pee you can talk into the toilet about your $3.99
Gidney N Cloyd
(19,847 posts)msongs
(69,805 posts)Bettie
(16,831 posts)I had to go for several birthday parties when my kids were small.
Came down with strep after every single one of them.
Add in terrible food and, just no.
TreasonousBastard
(43,049 posts)Bettie
(16,831 posts)I do anytime I'm exposed.
According to the doctor, some people get it more easily. They have on my chart now that if I call and ask for a rapid culture, I don't even need an appointment. Sigh.
Other than that, I never get sick.
frazzled
(18,402 posts)Chuck E Cheese toilet trained my daughter. That was 37 years ago (he must be getting long in the tooth by now). It was the first day my daughter went diaperless, so we told her we would take her, with her training pants, to see Chuck E Cheese to celebrate. He greeted us at the door, and I told him that our little angel was wearing big girl pants (!). He threw up his arms, gave her a hug and started dancing. She was elated and proud. And that was it. Toilet training accomplished in one day.
Initech
(101,456 posts)Wolf Frankula
(3,658 posts)I wouldn't feed him to a stray cat.
Wolf
Gidney N Cloyd
(19,847 posts)madville
(7,447 posts)Lenders were eager enough to keep giving them loans (and probably making their own bonuses in the process).
USALiberal
(10,877 posts)TheBlackAdder
(28,785 posts)3catwoman3
(25,268 posts)...Chuck E. Cheese when our sons were little.
Archetypist
(218 posts)that's what it always looked like to me. And I don't like Vegas much ...
uncle ray
(3,195 posts)rickford66
(5,631 posts)or maybe they do know. Romney ran this scam as a "successful businessman".
Hoyt
(54,770 posts)equity. ToysRUs sold when their bonds were downgraded to junk, leaving them no where to go but private equity for funding.
CV19 forced CECheese to try home delivery, they were totally screwed at that point.
Hated the place, but the little kids had fun.
eleny
(46,166 posts)Olafjoy
(937 posts)Always creeped me out a little. Went to lots of B day parties with the kiddos
SCantiGOP
(14,150 posts)I had to attend some birthday parties there, and I remember for a while in the 80s they had a Dad Room, where you could smoke, drink beer and watch sports on TV while you ignored your kid.
Greybnk48
(10,335 posts)I never liked that place.
Calculating
(2,996 posts)No great loss honestly.
Awsi Dooger
(14,565 posts)Heck, it would be a far superior world if cheese itself ceased to exist
My top 3 worldly eliminations would be:
1) Trump/GOP
2) Cats
3) Cheese
TreasonousBastard
(43,049 posts)Laelth
(32,017 posts)-Laelth