The Coronavirus

[Warren Dew]

(04-05-2020, 03:26 AM)Arkarch Wrote: Just the start of an observation

Are some of our modern day "Captains of Industry" Billionaire-heads-of-corps making a play during this coronavirus crisis?   I point to two examples - One being Sheldon Adelson, owner of Las Vegas Sands Corp, who notably is protecting the income of his current employees and even the incomes of third-party employers/employees on his properties (news link below).  Another Industry Captain (I will hold name in reserve as I am an employee) is also protecting and keeping employees busy.  The advantage of such action is those companies are all using this time to work on projects and be ahead of the action when business resumes.   This is in contrast to the more stockholder-driven corps that are following the usual furlough and layoff model; and may not be able to respond as well when business resumes.   This maps to a repeating cycle that maps to the post-Civil War Captains of Industry as our institutions.  Any other Billionaire-run corps keeping their workforce up?

https://vegasinc.lasvegassun.com/busines...orkers-du/

Thanks - good observation.  If this is the start of large private corporations destroying public corporations, that could be the destruction of the concentration of power that I'd be looking for to resolve the crisis.

Edit: not seeing how they are using these employees to get a jump on the opposition, other than being in a position to resume operations quickly. Are you seeing something there - where they could move to take out big restaurant chains or something?