That's what the LVS preferred share dividends amounts to. At some point in the future, the Adelsons would have recouped all their invested capital from dividends, and still own the Preferred shares.
Their ownership will be back to its pre-crisis peak, while still owning all the preferred shares giving them a back door to loot from the company, non-stop.
It's one heck of a gravy train.
This tells you how unscrupulous he is. It is not like the company is teeming with cash. They are still trying to sell junk bonds and raise cash to finish development of existing properties. No Other corporation in USA has this corporate governance where the chairman/ceo helps himself to the corporate kitty for cash while the company is hurting for cash.
WYNN had better earnings but did you see WYNN announced special dividends just so he alone could profit ? or Kerkorian of MGM?
This Zionist fascist spent $3Mil to topple a democratically elected Israeli Prime Minister just because he did not agree with Olmert's wish to seek peace with her Arab neighbors. Now's he has installed a hawk, Benji to bring more bloodshed to middle east.
The man is a menace to society and makes Madoff look like Mother Theresa.
Time and again, LVS subcontractors have been caught red-handed employing illegal migrants.
But it's Not LVS's fault, right ? It's the subcontractors who broke the law.
Really ? When LVS offers the lowest bidder the contract, knowing full well they will not turn a profit if they hired legal workers, Don't you think LVS is culpable ?
You don't see this with other operators in Macau, why ? Does it point to the man's scruples ?
One thing I noticed and I am sure other sensed it too is you are referring to things that happened in the past. Which means you are probably an investors that lost big in LVS during the crisis.
Macau's gaming revenue is at all time high and its HK IPO is coming up. So LVS will be fine and sound. To be honest, I don't care about the ex-CEO because he is not in charge now. Hope you can move on, so I wish you the best.
Any longs care to refute ?
Had it not been for total mismanagement by Adelson bringing LVS to the edge of insolvency, he would not have to throw a lifeline. So now he gets rewarded for almost rendering the common stock worthless in the first place.
"Zionist fascist" Comparing Adelson to Madoff. Your an ignorant racist. All stocks were down its called a stock market crash. Unfortunately casino stocks crashed harder. Thats just the way it is. You think he wanted to lose all that money himself? Grow up man