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| Economy |
| But loyal to his own |
| 2020-04-03 |
| [NY Post] Sheldon Adelson: I’m paying all my workers for 2 months, so should any business that can Although the resort hotels of my company, Las Vegas Sands, are shuttered, I’m paying every one of our nearly 10,000 employees as though they were still working. We’re even working to make up for lost tips. I hope to do that right up until the time that we can reopen our businesses. It’s not only the right thing to do — it’s good business. I’ve often said the story of my career would be a true rags-to-riches account, except for the fact that my parents couldn’t even afford the rags. As the son of hard-working, low-income, immigrant parents, I grew up with the same anxiety people across the nation are feeling right now. Where is the next meal coming from? How can I pay the rent and electricity bill? Families are desperate to know when they can go back to work. I recall one of the most important lessons I learned from my father. He would come home from work — when he could find work, that is — and put loose change in the family pushke (charity box). When I asked why he would give to others when we had so little, he would say, “There is always someone whose need is greater than ours.” There are certainly great stories of corporate America doing all it can to support employees’ needs during a time when so many of our fellow Americans have been asked to stand down from their work. But we employers, especially larger ones, can do more. We should do more. To my fellow corporate executives who are looking at spreadsheets and trying to determine the impact this crisis will have on sales and share prices, let me say: Our job as business leaders is now as simple as it is challenging. It is to maximize the number of employees and their families that we can help — and help them for as long as possible. America’s corporations and small- and medium-sized businesses are making excruciating decisions. Many will result in people being out of work; millions have already been added to the jobless rolls as a result of the pandemic. Those difficult decisions, especially for small- and medium-sized businesses, could determine whether they are able to reopen when this crisis is resolved. That is why protecting the ability of small and medium-sized businesses to recover is where government must again be responsive. Yes, more than $2 trillion in government rescue aid is coming. However, the longer this crisis continues, the greater the risk to the livelihood of many more Americans. Our elected officials are rising to the occasion. President Trump and congressional leaders of both parties worked to pass the largest rescue package in history, in record time. Our nation’s governors, led by the examples of Andrew Cuomo, Mike DeWine, Gavin Newsom and Steve Sisolak I don't think I'd include this POS , are taking decisive actions to protect health and safety — decisions they surely never imagined they would be required to make. Related: Sheldon Adelson: 2019-04-14 Israel plans new moonshot after maiden mission fails Sheldon Adelson: 2019-02-13 Rep. Tlaib: My Anti-Semitic Views Are Being "Shushed" Because I'm A Woman Of Color Sheldon Adelson: 2018-10-23 ‘Big operation’ financed by ‘rich American Jews’ brought me down -- Ex-Israeli PM Olmert |
| Posted by:g(r)omgoru |
| #6 Amen rjschwarz. Make MADE IN AMERICA Great Again. |
| Posted by: warthogswife 2020-04-03 16:48 |
| #5 Ford execs have behaved pretty well, it seems |
| Posted by: Lex 2020-04-03 10:27 |
| #4 And you can be sure that if I have any choice, made in China will not get my money. |
| Posted by: rjschwarz 2020-04-03 10:23 |
| #3 I hope someone is keeping a virus era naughty/nice list because some of us are going to start adjusting our future purchasing patterns to that sort of thing. 3M for example is dead to me, so is GM for dragging their feet on converting to ventilators until hours before gov orders demanded they do so. |
| Posted by: rjschwarz 2020-04-03 10:23 |
| #2 >Our job as business leaders is now as simple as it is challenging. It is to maximize the number of employees and their families that we can help — and help them for as long as possible. I think this is wrong... Your job is to continue to help your customers where there is continuing demand. |
| Posted by: Bright Pebbles 2020-04-03 06:55 |
| #1 Better be nice to the help. Work is returning to America. Your workforce is your most important asset. Don't treat it as a liability, it won't necessarily act like one. |
| Posted by: Procopius2k 2020-04-03 06:46 |