If only people could be satisfied with MoreThanEnoughMoney, rather than needing LudicrousMoney.
“[Kevin Klowden, chief global strategist at the Milken Institute] explained that the work stoppage will impact other businesses besides production, including restaurants, catering companies, trucking agencies, and dry cleaning businesses, among many others. ‘The main thing we’re really factoring into it is the lost wages,’ Klowden told Yahoo Finance Live”
Got to sow that discontent for the strikers among other workers. As if the Hollywood business execs give 2 shits.
Also checked up about this Milken Institute and of course it’s some scumbag think tank. The opening paragraph on their Wikipedia page is great and totally makes them seem like a reputable and unbiased source.
“The institute was founded in 1991 by Michael Milken, a former Drexel Burnham Lambert banker who gained notoriety for significant financial success as a pioneer of “junk bonds” as well as his subsequent felony conviction and prison sentence for U.S. securities law violations.”
“The institute was founded in 1991 by Michael Milken, a former Drexel Burnham Lambert banker who gained notoriety for significant financial success as a pioneer of “junk bonds” as well as his subsequent felony conviction and prison sentence for U.S. securities law violations.”
Sounds like a grifter.
He’s seems like one of those shady ass business types that will run a company into the ground while trying to maximize his personal earnings before he skips town on a solid gold private jet.
Looking at the numbers given on Wikipedia is ludicrous.
“Milken’s compensation while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s exceeded $1 billion over a four-year period, a record for U.S. income at that time.”
That’s already nuts but then you look at the company’s financials and its even more insane.
Revenue: US$4.8 billion (1968)
Net Income: US$545.5 million (1968)
The guy was syphoning off a whole fifth of the company’s entire revenue for the last years of its existence before it went bankrupt.
Wow, great job with the pro-company/anti-worker framing there Yahoo finance. This is the fault of greedy corporations, not workers demanding a fair share.
If they actually cared about the economy, then give the actors and writers what they want and the strike ends, and we can all get a move-on with things.
That’s the point of the strike, and the solution is right there in front of the studios.
Incorrect. Hollywood bigwig blowhards who routinely cheat on their accounting and taxes like it’s breathing and treat the people who actually create the products like an underclass of garbage … that’s who cost the economy $5b.
I’ve got an idea for the studios: come to the table and negotiate in good faith. Show some respect. Nahh never mind, that’s absurd.