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TRUE STORY .. Mr. Donald J. Trump remain as chairman and CEO of Trump Organization and continue to collect a $2 million dollar paycheck. So…how does a CEO decide to file for bankruptcy twice and still come out at the top of the heap?
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.
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