ABC News: From CEO to Pizza Man

[marmar]

http://abcnews.go.com/Video/playerIndex?id=7130006

[ColbertWatcher]

1. Is this about Domino's Pizza's anti-abortionist, bastard CEO!? n/t

[marmar]

2. No......We can only hope Tom Monaghan has to deliver pizzas.

n/t

[Tangerine LaBamba]

4. I think he's not the CEO anymore;

I think he sold it and decided to build a Catholic town in Florida.

The pizza sucks, regardless of who owns it.

[blue_onyx]

6. Yes...David Brandon is CEO now

He's also a Republican and is mentioned as a political candidate often in Michigan. I agree about the pizza...one of the last places I would order pizza from.

[Bozita]

9. Brandon was Dick DeVos' campaign manager for his run against Jennifer

He's another Monaghan.

[ColbertWatcher]

7. Agreed on all points! n/t

[Howardx]

3. i saw it this morning

some rich dude tried to start a hedge fund and it failed, now we are supposed to feel sorry for him because he is in debt and has to deliver pizzas.

[HughBeaumont]

5. I just watched that. I'm dumbfounded.

This is a prime example of "greed kills everything it touches".

I mean, SERIOUSLY. $750,000 a year, and at the job before that, he finished at $100,000 a year? From the pictures and the video it looks like he blew asstons of cash on superficial creature comforts (lavish vacations, mansion with pool, cars, boats, country clubs, private schools for the kids, etc) rather than live in an old home first and build up any kind of substantial savings.

I'm not getting why people don't find it in their best interests to first live frugally and attain somewhat of a damned CUSHION before you go spending like Bewsh with a war-on. Why when one has that much money do they feel the need to blow it before it even hits a balance sheet? In any economy, live MODESTLY no matter what your salary. Bullshit creature comforts can be bought later, when your fortune is safe in a money market account and not being pirated and buried on Wall Street.

I understand that in his line of work, risk taking is as common as breathing. But if I'm making 3/4 a million a year, I'm staying and accumulating for as long as possible. How many guys have started their own hedge fund and DIDN'T make it? Way more than the people who did, I guarantee.

[SoCalDem]

8. The FIRST year you are "rich" (if you are young-ish)

You pay off a nice home that you could be comfortable in forever.

You "prepay" your kids' college expenses (CDs or special account)

You cut up all credit cards (maybe keep one for car rentals)

If you do those three things, you can at least insulate yourself from the firestorm, if you ever lose that money..

If you don't have to pay for lodging & you have no debt, you CAN live on a lot les than you think you can:)

[HughBeaumont]

10. I think with 3/4 a million a year . . .

In a period of 2-3 years, I could buy a decent older home with a finished basement, no mortgage, for about 200 grand and still have 300-400k left over. This wouldn't even count my wife's income, which if you had no mortgage or credit card debt would be a breeze to live off of.

Then again, I live in Ohio. :)

It just sounded like he didn't even wait for the money to hit his pocket until various luxury peddlers relieved him of it. And during a Republican presidency too. Did he THINK the gravy train was going to last forever in a disaster-capitalist economy?