Donald Trump has resigned from the Trump Entertainment Resorts. He allegedly says that if he can’t manage something, then it isn’t for him. After he resigned from the board, the company filed a Chapter 11 bankruptsy protection proceeding…this is the third time that they have done that.
Mr. Trump had allegedly wanted to buy the company and take it private; but, it appears that the bond holders chose not to go that route. It must be frustrating to have a company that is known by your name, but, have very little control over their actual business decisions. (more…)
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