Carl Ichan is a corporate piranha. Carl Ichan is working for Carl Ichan's interests.
Quote:
?This is about how a bankruptcy was used to transfer value from working people to the super-rich,? said Richard G. McCracken, general counsel for Unite Here, the hotel and casino workers? union that appealed to the high court.
Billionaire Carl Icahn stepped in to buy the casino ? founded by Donald Trump ? after it filed for bankruptcy in 2014.
As the 3rd Circuit Court of Appeals said in January, Trump?s ?plan of reorganization was contingent on the rejection of the collective bargaining agreement,? also known as the CBA, with the union. Icahn promised a ?capital infusion of $100 million? to keep the casino in operation, but ?only if the CBA and tax relief contingencies are achieved.?
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Supreme Court asked to rule on Trump casino bankruptcy - LA Times
Hypocrisy at its finest. This maneuver is more common than you think. These type of Billionaires trade businesses like baseball cards and screw workers, stockholders and creditors.
What would a President Trump do? Nominate Carl Ichan to be the Secretary of the Treasury
