Good luck to this man.

…

It turns out that Trump may have called in a major favor: Court records filed Friday show that the bond was guaranteed by the Chubb Corporation, an insurance group. In 2018, Trump appointed Chubb’s CEO Evan Greenberg to a White House advisory committee for trade policy and negotiations.

  • wise_pancake@lemmy.ca
    1281·
    8 months ago

    Why would any corporation allow this and not instantly fire the CEO?

    “Hey board, I just tied up a huge chunk of cash, with no possible return on investment, did I do good?”

    • tristan@aussie.zone
      676·
      8 months ago

      Given the company is worth over $100b I don’t even think something this value would be mentioned to the board, let alone concern them when they just bought a potential president for cheap

      • cogman@lemmy.world
        13·
        8 months ago

        People would be shocked at how often insurance agencies are the backers/owners of personal loans. It’s a bread and butter investment for them.

      • quindraco@lemm.ee
        5·
        8 months ago

        Yeah, talk about an extreme possible return on investment - pocket change for a POTUS.

      • Optional@lemmy.world
        4·
        8 months ago

        91 Million is a write-off for them. Not a tax write off (they don’t pay taxes already, obvs), an accounting write-off. Like at the end of the year they just go, “looks like we lost 91 million somehow. Oh well, subtract it from 100 billion and continue laughing

        • OpenStars@startrek.websiteEnglish
          21·
          8 months ago

          They are a Trump appointee… I bet the correlation there between those who, upon being investigated, end up proven dirty, will be astonishingly high.

        • OpenStars@startrek.websiteEnglish
          1·
          8 months ago

          Uh… no? It seems the price of admission to be Putin’s lapdog though - he will help you, if you help him, but he also wants dirt on you first. He even provided all the necessary materials - the hotel room, prostitutes, camera, and videographer, he’s so helpful that way!:-D

    • jaybone@lemmy.world
      16·
      8 months ago

      Probably when trump appointed him he made the company a ton of money. And maybe they are hoping did that again.

    • MyNamesNotRobert@lemmynsfw.com
      9·
      8 months ago

      Ah, yes, the company probably doesn’t even pay a good chunk of their employees a living wage. But they have no problem spending money on stupid shit like this. Classic.