The union cannot bully Carl Icahn. He is from Queens!
Or that is what he stated, anyway, in an open letter to the Native 54 union, which represents on line casino staff in Atlantic Metropolis, NJ, the place 4 casinos have closed and eight,000 staff misplaced their jobs, simply this 12 months.
“I grew up on the streets of Queens,” wrote Icahn, one of many best-known activist buyers. “I realized to struggle bullies and that was nice coaching as a result of I later constructed my fortune combating the institution — largely CEOs and boards that I felt have been profiting from the shareholders.”
Icahn stated he was going to speculate $100 million within the Trump Taj Mahal, and put it aside from changing into the following on line casino to exit of enterprise.
Nevertheless, he stated he would do it provided that the union agreed to surrender well being care advantages.
To this point, the union has refused.
Icahn stated he would pay every employee an additional $2,000 and they might be eligible for Obamacare or Medicaid.
(Although Icahn refers to it because the Trump Taj Mahal, the on line casino would not carry Donald Trump’s identify any extra.)
Icahn stated the union is stalling the deal.
“The Taj Mahal is rapidly working out of cash and can virtually actually shut,” he wrote. “Reprehensibly, the union, as a substitute of working with … the corporate to maintain the Taj Mahal alive, is as a substitute doing all the things to destroy the potential for saving the roles of virtually 3,000 workers.”
The Taj Mahal on line casino is managed by Trump Leisure Resorts, additionally shouldn’t be owned by The Donald. The corporate additionally owned Trump Plaza On line casino, additionally in Atlantic Metropolis, which went out of enterprise.
Icahn stated the Taj Mahal was shedding $7 million a month.
“I acknowledged that my common rule is to not throw good cash after dangerous,” Icahn stated. Nevertheless, if the corporate might get the concessions from the union, “I might contemplate doing my half,” he wrote.
The union was not instantly out there for remark.