Why is the mainstream media acting like Billionaire Bob Johnson (aka - one of the seven princes of Hell) is close to Thousandaire" status?
In 2003, he survived a divorce settlement of $400 million and even lived through watching his ex-wife marry the judge that presided over their divorce proceedings.
Side Note: That whole event would have put me 6 Feet Deep.
In 2003, he survived a divorce settlement of $400 million and even lived through watching his ex-wife marry the judge that presided over their divorce proceedings.
Side Note: That whole event would have put me 6 Feet Deep.
The famous anonymous former colleague quotes, that the media always uses for these stories has Johnson being a “poor investor.” Not Bob Johnson, the great trailblazers of American business?? With all the Hotels, Gaming and Asset Management business he shouldn’t be having any problems.
Oh wait? Yeah, I forgot about the Charlotte Bobcats. This was the NBA Franchise that was going to bring glory back to the Queen City. The NBA thought Charlotte N.C. would be getting a well-heeled Negro. Instead we got a cowardly coon that snuck out of town like the last NBA Owner. Or as this experiment is unofficially called: “When affirmative action goes horribly wrong. “
Johnson was losing around $20 - $25 million per year on the franchise per media estimates. Maybe that is why he raised ticket and concession prices. It was becoming cheaper to sit in a parking garage uptown while listening to the game on the radio.
What does all this mean? At this point it is too premature for all of this sensitization. Sure I laughed with pure joy when one fellow blogger said: “Karma meet Bob Johnson.” But then I realized that Bob Johnson won’t go out without a fight. I’m sure he has something in the works to help him sure up some of his loot. Even if he was relegated to Millionaire status, he would still be a Millionaire. And that is a million more than what I have in the bank.
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