Monday, February 16, 2009
The View is on, and they mentioned that Las Vegas is suffering because companies are avoiding the "fiscal stigma" of meetings in Vegas.
I had lunch with Piper last Thursday, and he told me about a NYC investment company that had called him as an advisor to a meeting, in NYC, concerning their losses. They told him that the meeting where the numbers would be presented and decisions made would be in a few weeks, and he said, "Oh, so you'll want me down here again then?" And they said, yes, but not down here, that meeting will be in Hawaii.
All of the people who will be at that meeting are local to NYC.
They really STILL don't get it.
.
5 comments:
I thought we could get some good deals on a little weekend getaway, but no. Bellagio is still 200 a night.
Unnamed Co. laid off 10% of its employees, then had a sales meeting in St. Martin.
The company I worked for went under at the end of summer last year. I have seen clips of the owner of our company talking about how she buys failing companies and turns them around! Our company was doing great until she bought us!! We were just a smaller company than all the others she owns!
Sometimes the assets of a company are worth more in pieces than the company is as a whole. People called "raiders" will come in and buy a limping company, promising to "turn it around", and then they declare bankruptcy (which eliminates some of the debts), sell off the assets to pay other debts, and end up with a nice profit. They didn't turn the company around; they turned their money around!
Queen - The Man has been making some reservations for us in Florida for late April, and he's finding some very good rates. Weekend rates in NJ are about 2/3 what they had been, but mid-week is still high. I guess it depends on the where and when.
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