To Participate on Thurstonblog

email yyyyyyyyyy58@gmail.com, provide profile information and we'll email your electronic membership


Friday, October 7, 2016

Wow, 40% failure rate-- that's not very good!

...................................................................................................................................................................
The New York Times rates 61 of Donald Trump's business deals, concludes 40% failed
By Rebecca Harrington, October 6, 2016

Donald Trump has built his case for becoming president of the United States on his "incredible" business acumen.

The Republican candidate often brags about the many successful deals he's made over the last 40 years, arguing that this expertise will give him a "huge" advantage in the Oval Office.

To test that claim, The New York Times analyzed 61 of Trump's projects from the 2000s to 2012, scouring archived web pages, old press releases, and lawsuits to see if they were in fact good business.

The reporters concluded that 24 of those deals failed, 16 had problems, and 21 were successes. They didn't outline the methodology that led them to these conclusions. Some of the projects The Times categorizes as unsuccessful may have earned Trump hefty sums (like Trump Taj Mahal in Atlantic City, for example), as he pointed out in an interview for the story.

Some projects, like Trump University, were mired in lawsuits that Trump ultimately lost or had to settle. Others, like "The Apprentice" TV show, which Trump hosted for 14 seasons, were runaway successes.

The Times story focuses on how, no matter the outcome of the business itself, Trump always touted his projects with language convinced they would be a hit. He is the one behind "The Art of the Deal," after all.

We've rounded up how the Times rated the 61 businesses they investigated below:

24 projects The Times concluded "Didn't work out"

  1. Trump Villas, Grenadines
  2. Trump Tower, Tampa, FL
  3. Mississippi Casino
  4. Trump Atlanta
  5. Trump Ocean Resort, Baja
  6. Trump at Cap Cana, Dominican Republic
  7. Trump Financial
  8. Trump Philadelphia
  9. Trump Dubai Tower, United Arab Emirates
  10. Trump on the Ocean
  11. Trump Tower, Batumi, Georgia
  12. Trump Plaza Tower, Israel
  13. GoTrump.com travel booking service
  14. US Pro Golf Tour partnership
  15. Sentient Jet partnership
  16. Running Horse golf, Fresno
  17. Trump animated series
  18. Trump magazine
  19. "Trump Tycoon" mobile app
  20. Trump network
  21. Trump Institute
  22. Trump Steaks by Sharper Image
  23. Trump Office for Staples chairs
  24. Brand licensing in Brazil

16 projects The Times concluded "Had problems"

  1. Trump Waikiki, Hawaii
  2. New tower at Trump Taj Mahal
  3. Trump SoHo
  4. Trump Toronto
  5. Trump Las Vegas
  6. Trump Hollywood
  7. Trump Panama
  8. Trump Chicago
  9. Trump Golf Links, Scotland
  10. Puerto Rico Golf & Residences
  11. US speaking tour
  12. Trump University
  13. Australian speaking tour
  14. Trump Home collection
  15. Trump Vodka
  16. Brand licensing in India

21 projects The Times concluded "Measured up"

  1. Palm Beach home sale
  2. Trump Parc Stamford
  3. Miami's Doral Hotel
  4. Trump Towers Mall Istanbul
  5. Trump Towers Pune, India
  6. Trump International Realty
  7. Trump Vineyard Estates
  8. DJT restaurant
  9. Trump National, Washington, D.C.
  10. Trump National, Philadelphia
  11. ALM / Lawyer Invitational
  12. Trump Golf Links, Ferry Point
  13. Trump National, Jupiter, Fla.
  14. Trump National, Colts Neck
  15. Trump National, Charlotte
  16. "Why We Want You to Be Rich"
  17. Miss Universe partnership
  18. "The Apprentice"
  19. "The Ultimate Merger"
  20. Golf Channel show
  21. Trump Signature Collection


Read the full New York Times story here»
...................................................................................................................................................................

No comments: