Is Donald Trump destroying his brand?

Donald Trump 1

Would you stay at a Donald Trump property? Would you buy a condo with the Trump name on it? If you’re reading a blog like this, you’re probably one of the millions of people repulsed by Donald Trump’s disgraceful campaign for the presidency. You have to think that this will have an effect on his business model which revolves around the power of the Trump name.

We asked this same question five years ago during the Donald’s birther mania, but even that racist attack didn’t hurt his brand. But now with his presidential campaign and repeated racist and offensive statements, it’s hard to imagine he’ll avoid a permanent smear on his reputation.

Mark Cuban has emerged as one of Trump’s most effective critics, as many Americans respect Cuban’s business acumen, so his attacks on Trump tend to stick. Cuban has predicted that Trump will go personally bankrupt withing seven years of the election if he loses as a result of doing so much damage to his brand.

I have no idea if Trump and his children will ever go bankrupt, but I do know that I would never again stay at a Trump property. I’ve spoken to many professionals and business executives who feels the same way. Trump’s legions of supporters don’t fit the demographic of his business clientele, so Cuban may be right and this could be a real problem for Trump. One can only hope . . .

  

More Fortune 500 CEOs prefer Hillary Clinton over Donald Trump

Fortune 500 CEOs prefer Hillary Clinton over Donald Trump by 58% to 42% as explained in this video. This shouldn’t be a surprise as Trump has sounded like an economic buffoon with statements about tariffs and negotiating down the national debt.

  

7 Tips to Help with Small Business Payroll Problems

female worker typing at keyboard fingers

Overpayments to employees and contractors cost companies millions of dollars each year, not to mention the problems that poor payroll management can cause with the IRS!

In order to keep your company’s payroll in check you need to get a handle on what is happening first. Our list of handy tips will help you do just that – let’s dive straight in:

1) Hand it over to the professionals

I know what you are thinking, “What kind of tip is that?” Well, in short, it’s the kind that could save you a whole lot of drama further down the line. Unless you have previous experience in accounting you are running the risk of falling foul of some of the details associated with payroll management.

Read the rest of this entry »

  

Strange incentives for buying sports franchises

Does a billionaire like Steve Ballmer really need tax incentives in connection with his ridiculous $2 billion purchase of the Los Angeles Clippers?

This video and article from CNBC explains how it works.

  

Battle goes on regarding Detroit Institute of the Arts

Detroit Institute of the Arts

How much is the Detroit Institute of the Arts worth? That’s one of the battles brewing in the Detroit bankruptcy litigation as a creditor tries to challenge the grand bargain reached that will wipe out $7 billion in debt for the city.

The key question is whether the grand bargain — $815 million pledged by foundations, state government and the DIA to bolster city pensions and shield the art from sale by transferring ownership of the museum to an independent nonprofit — represents a reasonable proxy for the value of the collection in the overall context of the city’s plan.

The other side is claiming the art can be worth up to $8 billion if sold off. The drama here is pretty interesting and the case could have interesting implications for the rights of creditors in bankruptcy.

  

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