Kevin O'Leary calls for 400% tariffs on China
- Thread starter DerekJohnson
- Start date
There's very little BBC in China.
Maybe a few basketball players like Stephon Marbury.
DucksFC
Active poster
he definitely knows the entrepreneur struggle!
In 1999, TLC was acquired by Mattel for US$4.2 billion.
[38]
Following the acquisition, sales and earnings for Mattel soon dropped, and O'Leary was fired. The purchase by Mattel was later called one of the most disastrous corporate acquisitions in recent business history.
[44]
While acquisition management had projected a post-acquisition profit of US$50 million, Mattel actually experienced a loss of US$105 million. Mattel's stock dropped, wiping out US$3 billion of shareholder value in a single day. Mattel's shareholders later filed a class-action lawsuit accusing Mattel executives, O'Leary, and former TLC CEO Michael Perik of misleading investors about the health of TLC and the benefits of its acquisition.
In August 2021, it was announced O'Leary would take an ownership stake in the parent companies of FTX.com and FTX.US as part of his compensation for becoming a "spokesperson and ambassador" for FTX.
[67]
FTX subsequently went bankrupt due to CEO Sam Bankman-Friedsecretly using client funds to make speculative bets that were unsuccessful. In November 2022, O'Leary, alongside other spokespeople for FTX, was sued in a class-action lawsuit.
In 1999, TLC was acquired by Mattel for US$4.2 billion.
[38]
Following the acquisition, sales and earnings for Mattel soon dropped, and O'Leary was fired. The purchase by Mattel was later called one of the most disastrous corporate acquisitions in recent business history.
[44]
While acquisition management had projected a post-acquisition profit of US$50 million, Mattel actually experienced a loss of US$105 million. Mattel's stock dropped, wiping out US$3 billion of shareholder value in a single day. Mattel's shareholders later filed a class-action lawsuit accusing Mattel executives, O'Leary, and former TLC CEO Michael Perik of misleading investors about the health of TLC and the benefits of its acquisition.
In August 2021, it was announced O'Leary would take an ownership stake in the parent companies of FTX.com and FTX.US as part of his compensation for becoming a "spokesperson and ambassador" for FTX.
[67]
FTX subsequently went bankrupt due to CEO Sam Bankman-Friedsecretly using client funds to make speculative bets that were unsuccessful. In November 2022, O'Leary, alongside other spokespeople for FTX, was sued in a class-action lawsuit.
HHusky
New Fish
He's Trump University material.
Now do the dementia patient and his Ukrainian speaking energy expert of a son.
DucksFC
Active poster
Quit plagiarizing Race’s whataboutism, fucko.
DucksFC
Active poster
He definitely bought Trump Steaks.
HHusky
New Fish
Hunter Biden is making a living as a trade and finance pundit?
That would be surprising.
The bad business decision was Mattel's not Mr. Wonderful's.
He ka-chinged $4.2 billion.
Did you get a mythical MBA with the Dazzler, too?
DucksFC
Active poster
ye olde MAGA proverb: “never admit thy faults”
Mattel's shareholders later filed a class-action lawsuit accusing Mattel executives, O'Leary, and former TLC CEO Michael Perik of misleading investors about the health of TLC and the benefits of its acquisition. The lawsuit alleged that TLC used accounting tricks to hide losses and inflate quarterly revenues.
O'Leary is also the founder of O'Leary Ventures, a private early-stage venture capital investment company,
[53]
O'Leary Mortgages, O'Leary books, and O'Leary Fine Wines.
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In April 2014, O'Leary Mortgages closed.
[56]
O'Leary's funds have a questionable history and are said to have declined over 20% in a year, often a big blow to fund managers. O'Leary no longer manages outside money.
And his net worth is still estimated to be above $400 Million.
So it's better to be undefeated and have Buck-like wealth?
It's different when we do it is in the house
Sorry if talking about your hypocrisy upsets you Alice
Dazzle us with your business acumen, Dazzler. This should be comical once again.
HHusky
New Fish
"Business acumen" in your book being times I ripped someone off without being convicted of a crime?
Such a long list! I wouldn't really know where to start.
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Pitchfork51
Active poster
worked for BLM
The degree of support from our leftards for government waste, inefficiency and fraud is not a surprise. To a leftard that is the holy grail of grift.