Donald Trump
Transcript: In The Eyes Of Donald Trump The Beginnings Born June 14, 1946, in Queens, New York City. Son of Fred and Mary Anne Trump. Attended New York Military Academy at the age of 13, and as a senior he became captain of the 1964 Baseball Team. After being accepted to Fordham University, he transfered to Wharton School of the University of Pennsylvania where he received a bachelors degree in the Science of Economics. Then he moved back home with his father to keep the family business alive. The Ups And Downs 1970 Within two years of Donald Trump joining his father's busniess, he turned a 1200 unit complex of a 66% vacancy rate into 100% occupancy and sold Swifton Village complex building for $6.75 million in 1972. 1980 Trump renovated the Commodore Hotel and created the Grand Hyatt with the Pritzker family. He also renovated the Trump Tower in New York City and several other residential projects. He later bought the Eastern Shuttle routes, and Atlantic City casino business, including acquiring the Taj Mahal Casino in a transaction with Merv Griffin and Resorts International. 1990 In March 1990, Trump threatened to sue Janney Montgomery Scott, a stock brokerage, whose analyst made negative comments on the financial prospects of his casino The Taj Mahal. The Taj Mahal declared bankruptcy for the first time in November 1990. The analyst was awarded $750,000 for his termination. A defamation lawsuit by the analyst against Trump for $2 million was settled out of court. 1993 By this time Donald Trump was all but $900million in debt, first came bussniess bankruptcy, then slowly personal bankruptcy, he gave up 49% to Citibank and five other lenders. 1995-98 In 1995, he combined his casino holdings into the publicly held Trump Hotels & Casino Resorts. Wall Street drove its stock above $35 in 1996, but by 1998 it had fallen into single digits as the company remained profitless and struggled to pay just the interest on its nearly $3 billion in debt. Under the financial pressure, the properties were unable to make the improvements necessary for keeping up with their flashier competitors. 2004 In November 2004, Trump retired from his CEO position but still held a part as Chairman of the Board, as a result of dropping back from 56% to 27% ownership. 2011 In 2011, Forbes reported that its financial experts had estimated the value of the Trump brand at $200 million. With his name on resturaunts, bars, clothes, cologne, and even ice cream parlors. Even now Donald Trump has been working his way back up the Forbes 100 list. In 2003, Trump became the executive producer and host of the NBC reality show, The Apprentice, in which a group of competitors battled for a high-level management job in one of Trump's commercial enterprises. The other contestants were successively "fired" and eliminated from the game. In 2004, Donald Trump filed a trademark application for the catchphrase, "You're fired." And now the show is currently on its 5th season. In March 2011, Trump was the subject of a Comedy Central Roast. The special was hosted by Seth MacFarlane, and roasters included Larry King, Snoop Dogg, and Anthony Jeselnik among regular roast participants. Donald Trump appeared at WrestleMania 23 in the corner of Bobby Lashley who competed against Umaga with WWE Chairman Vince McMahon in his corner, in a hair versus hair match, "The Battle of the Billionaires" with either Trump or McMahon having their head shaved if their competitor lost. Lashley won the match, and he and Trump both proceeded to shave McMahon bald. Mr. Donald Trump The Entertainment Bussniess 2010 2000
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