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Originally posted by Bender212 I am. I just saw Kwame on Fox News. Looks like Mark Cuban is interested in hiring Kwame. Lemme tell you, as someone who works in the finance industry, that would be HUGE and probably more money than he would ever make from the Donald. Let's do some simple math. You take $1 billion and invest it into muni bonds that yield somewhere in the 4% neighborhood. On each of those bonds, you take 50 basis points in sales credit (i.e. $5 sales credit on each $1000 bond.....it's also 0.5% or 0.005) on each $1000 muni bond, you'll make $5 million in sales commission on the initial purchase of those $5 billion in muni bonds. Assuming a payout of 35% on that commission, you're talkin' 1.75 million alone in pre-tax take home money for Kwame on the initial investment of $1 billion. Now assume that Kwame laddered his bonds (i.e. invested in bonds with different maturity dates), he would only be able to reinvest the coupon payments (in this case roughly $40 million from bond interest) and the reinvestment of bond principle when it matures or gets called. Let's assume that Kwame had a 10 year ladder. That means that 10% of the $1 billion will be available to reinvest each year. So after the first year, Kwame has $140 million ($40 million from bond interest and $100 million from maturing principal) to reinvest each year. $140 million times 0.5% is $700,000 in commission per year with a 35% payout is still $245,000 that Kwame gets paid in pre-tax salary from commissions. Now there's more detail to all this, but to explain it all would take all day. Kwame would probably take a more aggressive approach where he would earn someone in the neighborhood of 0.5% in sales gross on that billion every year or roughly. So with a 35% payout, he'd be takin' home at least $1.75 billion in pre-tax income every year. Assumin' that Cuban's money grows, Kwame's salary is gonna get compounded every year. |
Originally posted by Red Dog I can't wait to see Wilbon's reaction on PTI to the Man keeping the brutha down once again in the world of reality television. And here is what I think is the quote of the year by the aforementioned Michael Wilbon: It seems brutha Kwame was sabotaged by Omarosa, a vicious, backstabbing, self-promoting, egomanical germ, who in a previous life, was probably stationed at the river Gambia, pointing out bruthas for the slave-traders. rotfl |
Now that is hilarious.
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LMAO at the PTI quote. rotfl
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:lol: at Wilbon
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By Darren Rovell ESPN.com Donald Trump didn't hire "Apprentice" finalist Kwame Jackson on Thursday night's finale of the NBC reality show, but Mark Cuban just might. The Dallas Mavericks billionaire owner -- who is also co-founder of HDNet, a high definition television company -- was at a party for Jackson on Thursday night after the 29-year-old Harvard Business School graduate lost the chance to work for Trump and receive a $250,000 salary. That prize went to Bill Rancic, the owner of a multimillion-dollar cigar company who will now oversee the contruction of the Trump International Hotel and Tower in Chicago. The Donald's loss might be Cuban's gain. "I told him I would definitely hire him to evaluate the business proposals I get every day that I can't get to," Cuban said on Friday. "And potentially run a business." Cuban said Jackson, a former Goldman Sachs investment manager, actually made out better by not being selected. "He knows that he was the lucky one by coming in second," Cuban said. "Bill gets up and goes to work on a construction job. Kwame gets to be the celebrity, have a great time and look over all the options he has. I told him to take his time, have fun and decide what he wants to do. We can talk more and if he wants a job, I have one for him." Cuban did not say how much he would pay Jackson if he were to accept a job, but the Mavericks owner might have some serious competition in bidding for his services. Jackson already has been offered a $150,000 job from magazine publisher SYS-CON Media, and Kentucky Fried Chicken has offered him $25,000 and a year's supply of KFC products to work for one week on the launch of the company's oven-roasted chicken line. Perhaps Cuban can beat the competition by giving Jackson restaurant chain managing advice. In January 2001, after saying that he wouldn't even hire the NBA's head of officials to manage a Dairy Queen, Cuban was challenged by the franchise to manage for a day. Cuban, who was fined $500,000 by the NBA for the remark, accepted and served up the company's Blizzards to approximately 1,000 people in two hours. Cuban will get his shot at reality television soon, as he will be the star of ABC's "The Benefactor." Earlier this month, more than 500 people attended a casting call in Dallas for the show, in which 16 people will live in a house in Dallas for three weeks and try to impress Cuban for a $1 million bounty. The show is reportedly scheduled to air in August or September. Darren Rovell, who covers sports business for ESPN.com, can be reached at [email protected]. |
Good for Kwame!!!
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Update on Kwame from eonline.com:
At The Apprentice afterparty, Kwame was reportedly offered a cushy position managing one of the portfolios of Mark Cuban, billionaire owner of the Dallas Mavericks, according to Extra and starmagazine.com. The Internet mogul reportedly waited for hours to gain the runner-up's ear and spring the job offer on him. "I'm deciding and we're going to be talking," Kwame told Extra. "I mean, I'm just flattered that he waited around for me." (Star's Website reports that Kwame accepted the position.) Then there's the offer from KFC--$25,000 for a week spent helping the company introduce its new oven-roasted chicken line. Will Kwame bite? "Once we negotiate a higher fee, yes," he told tvguide.com. That's not all on Kwame's plate--Star further reports that he is planning to produce a documentary about Florida State football coach Bobby Bowden and his talent for coaching black athletes. (Bowden is white.) Kwame reportedly plans to launch Legacy Communications-- the shingle under which he'll produce his film, for which he hopes to raise $2.5 million. He's tapped Pumping Iron writer and director George Butler to helm the project. As if any more proof were needed that Kwame is this year's answer to Clay Aiken, Star reports that he's been personally invited to accompany Greta Van Susteren to the White House correspondents dinner on May 1. Mr. Trump named Bill Rancic, who won NBC's "The Apprentice" on Thursday night and had earlier made a living selling cigars on the Web, as "president" of this $700 million project, which still needs financing, final signoffs from City Hall, and demolition of the Chicago Sun-Times building, which sits on the site of the tower-to-be. "This is a large and sophisticated project, and the job is like being the conductor of an orchestra," Bruce R. Cohen, the chief executive of Cohen Financial Capital Management in Chicago, observed. "I don't know how somebody can conduct the Chicago Symphony Orchestra if they've never gone to a concert before, and if they've never played any of the instruments." On Friday, Mr. Trump said he was still working out precisely what duties Mr. Rancic, 32, would hold as president of the Trump International Hotel & Tower, the gleaming project that Mr. Trump says will become the fourth tallest building in Chicago when it is finished in 2007.... He and his partner in the project, Hollinger International Inc., which owns The Chicago Sun-Times and other newspapers, announced three years ago that they planned to build a 150-story tower on the site of the Sun-Times, a squat and otherwise unimpressive boxlike building on Wabash Avenue along the architecturally rich Chicago River in the heart of downtown.... The project has yet to receive financing, and some here wonder whether it will. Hollinger International has been fending off troubles in recent months: Conrad M. Black, the former chief executive, quit last November after directors questioned millions in payments to him. And Mr. Trump, meanwhile, has dealt with a troubled gambling empire, with his casino holdings stuck in almost $2 billion in bond debt. "There is a lot of healthy skepticism about it, I would say," said Anthony R. Licata, the managing partner of Shefsky & Froelich, a law firm here that often deals with real estate. "That said, Trump has made a career of proving people wrong. I would never bet against that guy." On Friday, Molly Morse, a spokeswoman for Hollinger International, said that she had no comment on whether the company's current troubles might affect the Chicago project, of which Hollinger would have half ownership, she said. But Mr. Trump said that the doubters, if there were any, were wasting their time. He said he was discussing the financing with five major institutions, "all of which are dying to do the job." And he said that the project had the City Hall approvals it needed. City Hall officials said that the tower had received the most crucial zoning and planning approvals, but that the plan would also require a final administrative signoff from the city staff once the most detailed drawings were submitted and Mr. Trump applied for demolition and building permits. "This thing is happening," Mr. Trump said.... Mr. Rancic, meanwhile, said he felt prepared for his one-year apprenticeship, which will earn him $250,000, though he had yet to see the sales office or meet the local staff. Most likely, the most visible event that will happen this year is the demolition of the Sun-Times building, which is scheduled to begin this fall and will take months. WHEN VH1 was looking for someone to open their upcoming “Divas” special, the choice was obvious. “We had to have Omarosa,” says Mimi James, VH1's senior vice president of talent and creative development. “How could we not? She's the biggest diva on TV right now.” “Apprentice” uber-villain Omarosa Manigault-Stallworth is the most hated person on TV, especially after her galling betrayal of Kwame Jackson on the NBC show. That makes her a hot property in Hollywood - if anyone will hire her. “Businesswise, Omarosa is a bust,” says Sherri Spillane, an L.A. talent agent who has represented such infamous celebrities as Tonya Harding, Joey Buttafuoco, Kato Kaelin and John Wayne Bobbitt. “No one will hire her for a regular job, because they can't trust her. “I would try to get her acting jobs,” Spillane adds. “She's the perfect villain. She could play the nasty government official, or Cruella De Vil.” After filming the “Apprentice” finale in New York, Omarosa flew to Los Angeles yesterday morning to film a screen test for Clairol Herbal Essence hair color commercials. Tomorrow, she'll be in Las Vegas to open the VH1 “Divas” special live at 9 p.m., along with “Apprentice” enemies Heidi Bressler and Amy Henry. “I think she's totally insane,” says VH1's James. “I would absolutely never consider her for a job. “I know I'm putting her on my show, but really, I don't find anything redeemable about Omarosa - except that she's good at lying, so maybe she has a future in politics.” The trio will start the show with a pre-taped skit in which they pretend to squabble backstage at Vegas' MGM Grand Hotel - “but I don't think it's going to take that much acting,” James says. “From what I understand, they really do hate each other.” Omarosa's datebook is free after tomorrow, but her manager, Jenny Delaney, says she's thisclose to lining up more gigs for her. “The phone is ringing,” Delaney says. “People want to be in business with her.” According to Delaney, a fashion company (she won't say which) wants to market corporate attire under the Omarosa brand name. And then there's the prospect of a how-to-succeed-in-business book by Omarosa - the conniver who was fired from four jobs in two years even before Donald Trump axed her. “Publishers are lined up to get it,” Delaney claims. But Omarosa isn't everybody's idea of a corporate role model. “Apprentice” sites were abuzz yesterday with angry fans who don't want Hollywood to reward Omarosa. “I can't wait for her to actually start being a spokesperson for [Clairol], so I can boycott it!,” Neptune42 wrote on www.televisionwithoutpity.com. And Clairol itself seems already to be distancing itself from the fray. “I want to emphasize that the reports that Omarosa is our new spokesperson are wrong,” says company spokeswoman Francine Gingras. “All we're doing is taking some film of Omarosa to see if we can leverage that love-to-hate-her personality into something useful. “We may never even use it.” |
Omarosa - the conniver who was fired from four jobs in two years even before Donald Trump axed her |
what was the thing trump hinted at between omorrosa and erica - was there a fight?
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Originally posted by atari2600 what was the thing trump hinted at between omorrosa and erica - was there a fight? the tape was reviewed extensively and erica never said anything racist.. but the accusations were enough to bring alot of problems to erica outside of the show |
Originally posted by atari2600 what was the thing trump hinted at between omorrosa and erica - was there a fight? Weeks later, once she had been fired from the show, Omarosa made the talk show rounds and claimed that Ereka had used the "N word" at some point. (She said that she's NOT referring to the pot/kettle incident.) Ereka has steadfastly denied it. None of the other candidates heard it. Omarosa never brought it to Trump's (or anyone else's) attention during the filming. And the producers claim to have reviewed all the footage without finding any instance of this happening. Omarosa said on Dennis Miller that she would be putting the whole story in the behind-the-scenes book she's writing. And Ereka has said that she's looking into taking legal action against Omarosa. |
Originally posted by Skorp . |
Originally posted by twikoff too slow ;) |
Kwame did not want to win...
Q. Would you still want to work for him someday? A. I want to go out and make things happen for myself. Q. Did you really want to win the job with Trump? A. I don't think winning was my ultimate objective. http://www.myrtlebeachonline.com/mld...ss/8455141.htm |
Originally posted by Skorp On the show, Omarosa and Ereka were having a spat when Ereka used the phrase "Pot calling the kettle black". Omarosa immediately jumped on her for using "racist" remarks. Weeks later, once she had been fired from the show, Omarosa made the talk show rounds and claimed that Ereka had used the "N word" at some point. (She said that she's NOT referring to the pot/kettle incident.) Ereka has steadfastly denied it. None of the other candidates heard it. Omarosa never brought it to Trump's (or anyone else's) attention during the filming. And the producers claim to have reviewed all the footage without finding any instance of this happening. Omarosa said on Dennis Miller that she would be putting the whole story in the behind-the-scenes book she's writing. And Ereka has said that she's looking into taking legal action against Omarosa. |
Originally posted by Aphex Twin Did anyone else get this joke? :confused: |
Bill, Bill, Bill. Good luck with that construction job. Too bad you don't know the first thing about demolition, construction, or hotel management.
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