General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPresidential Run May Be One Of Trump's Costlier Business Decisions
By Kurtis Lee contact the reporter
Running for president may turn out to be one of Donald Trump's more costly business decisions.
Fallout from Trump's disparaging comments about Mexican immigrants continued Thursday as left-leaning groups pressed businesses to sever ties with the real estate mogul. The negative publicity could damage the personal brand that makes up a big chunk of Trump's claimed net worth.
Trump pegs the value of his brand at $3.3 billion, more than a third of his claimed net worth of $8.7 billion. Outside estimators have given the brand a much lower value. Forbes, for example, estimates it at closer to $125 million and Trump's net worth at $4.1 billion.
Many of the companies associated with Trump through licensing agreements are facing attacks on social media. The barrage appears to be working in some cases.
The mattress firm Serta announced Thursday that it would separate from Trump, tweeting in response to a viral #DumpTrump hashtag that it would not renew its contract with him at the end of the year. The Illinois-based manufacturer makes Trump Home iSeries mattresses, with some priced as much as $4,000.
more...
http://www.latimes.com/business/la-fi-trump-business-20150703-story.html
Fuddnik
(8,846 posts)Take a dump, on your Trump!
And each unit comes with a picture of The Donald on the bottom of the bowl
merrily
(45,251 posts)Wounded Bear
(58,666 posts)Businessmen make crappy presidents anyway. I know he would.
SamKnause
(13,107 posts)occur in the near future ????
pugetres
(507 posts)He is a grifter extraordinaire.
He has never been successful in anything but the short term. And, I think he uses short term gains against the slowness of American courts to his financial benefit. Go ahead and sue him. The money he steals from you will earn him twice as much as any court will make him repay.
I think he was counting on the backing of NBC and Univision though. Any monies he paid out running for prez would be repaid with continued long-term contracts with his partners. That used to be a good investment: he didn't have to sell himself, NBC/Univision would peddle him for their own profit. But, with his partners backing out...ouch!
The only thing that I believe will keep in the running is his ego. And, he has ego in spades.
Latrecia Bennett
(34 posts)What a statist racist bigot.The comment regarding immigrants was absolutely disgusting.