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2024-03-22 16:39:55
in reply to

James Gleick on Nostr: “Becoming a public company burdened Mr. Trump with the responsibility of putting ...

“Becoming a public company burdened Mr. Trump with the responsibility of putting shareholders’ interests first. But Trump could generally meet that obligation by obtaining approval from his board of directors. The board’s three outside members were widely seen as bowing to his wishes.

"A week after the initial public offering, the new company began using some of the almost $300 million it had raised to clear Mr. Trump’s personal debts.”
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