4 upvotes, 1 direct replies (showing 1)
View submission: Liverpool owners won’t sell club to ‘interested’ Elon Musk
Not for the CEO. They have to sell on a schedule, and to sell all their shares would also tank the stock, who wants to buy a load of stock that the CEO of that company is getting rid of?
Comment by coochie_clogger at 08/01/2025 at 02:23 UTC
3 upvotes, 0 direct replies
It would be stupid to do that though considering you could just get “loans” from banks using all those assets as collateral pretty much for as long they have value.
Even if I had 300 billion dollars I wouldn’t want to spend 5 billion on something straight out of my own pocket. I’d use all the financial tricks of the trade to lessen the exposure to myself as much as possible. This is how billionaires operate and how they became billionaires. You don’t amass that much wealth by paying for everything out of your personal checking account.