Cydcor takes its responsibility as a contributing member of the society very seriously and undertakes a series of corporate social responsibility projects that are aimed at improving the living conditions of people affected by natural disasters. Its recent philanthropic efforts to aid in the rescue and recovery efforts for the earthquake victims in Haiti have been widely appreciated by the media and various relief organizations.

The Cydcor offices that are based in Haiti itself were most proactive in the fund raising activities for this relief project. Their relentless effort to mobilize financial as well as material support from within the organization as well as outside it – namely its business associates and clients proved fruitful. Cydcor finally raised twenty five boxes worth of essential items for the earthquake victims in Haiti and is still continuing its effort to lend a helping hand to those affected by this natural disaster.

In addition to contributing to various humanitarian causes that are championed by local social organizations, Cydcor is actively involved in arranging for better provisions for the soldiers. The company feels a strong sense of duty towards these brave soldiers who are stationed miles away from their homes and families in the service of the United States of America.

Just a few months back, Cydcor donated 27 gift boxes to the US soldiers through a philanthropy group called Any Soldier. This group focuses on making arrangements for US soldiers stationed across the world to receive packages and letters from home. The gift boxes contained various items such as newspapers, magazines, packaged food items, basic toiletries and letters from friends and families. This noble gesture enjoyed positive reception from not only the armed forces but also from the global community of nations that hold the cause of these hard working men and women close to its heart.

Yet another community program for which Cydcor has received accolades from various sections of the society is its Cydcor Cares Program that aims to encourage the habit of reading among kids. Its ‘Reading Fair’ has already toured several kindergartens and schools in California where Cydcor team members read out to kids while being dressed as their favorite fictional characters.

No Personal Involvement

First, Trump doesn’t get personally involved. He knows how to protect his personal finances. In both instances, Trump’s corporations have filed for bankruptcy; but not personally. Therefore, when his casino fell into about a billion dollars in debt. Trump only made the decision to do so once he had spoken to his banks and bondholders.

But, by filing, he gave his business the opportunity to regroup and reduce his business debt. It didn’t hurt however that it would also reduce his personal debt, as Trump is likely the one every creditor would look to if the Taj Mahal couldn’t pay up. So, in fact, Trump avoided potential lawsuits from credits and he may have also avoided personal bankruptcy by keeping his own bank account insulated.

Trump, it appeared, had triumphed. His company had dire financial problems but seemed to rise just as quickly from those bankruptcy ashes. Just three years later, he combined the hotels into the publicly held Trump Hotels and Casino Resorts.

Yet, Trump’s public company would eventually fall…again. Within a few years of soaring high prices, the company stock had fallen into single digits. The one-time powerhouse company remained profitless and struggled just to pay the interest on the $2 billion debt. Trump claimed that the properties were unable to make the improvements necessary for keeping up with its flashier competitors. These financial troubles led to Trump’s second trip into bankruptcy.

Win-Win Business Deals

It’s in this second bankruptcy that Trump demonstrated the other quality that helps him stay on top. He knows how to create a win-win situation. Donald Trump filed for Chapter 11 a second time. Again, Trump asked to be able to restructure his company’s debt and overhaul its aging casinos. Under the voluntary bankruptcy filing, Trump Atlantic City Associates, which is 99 percent owned by Trump Hotels & Casino Resorts Inc., listed $1.3 billion in debt and $1.5 million in assets.

But this time around the Donald proposed that reorganizing the company would provide him the cash to upgrade his properties. By making these changes, he could help keep the casinos competitive. The second benefit: bondholders would receive stock in exchange for forgiving the debt owed. In other words, it would increase their ownership of the company by roughly two-thirds.

The chances of making the money back and even a bit of profit will dramatically increase when the casino emerges from the reorganization. Why? Well, vendors will be paid.

But best of all, Trump got to keep his job (and his rather hefty salary). If all goes as planned, Trump’s Atlantic City properties will be able to actually turn a profit and even potentially expand into new markets like Las Vegas.

At the end of the day, Donald Trump will not only come out on top, he may well come out in the green.