From Quora
Digest:
Max Kraft, Investor, real estate entrepreneur, former
hedge fund analyst, idealist
During a college internship interview I was
asked by a Credit Suisse real estate investment banker who my heroes in real estate
were. I said Donald Trump.
He
said Donald Trump is an awful person to look up to in business. In an earlier
part of his career Donald took exceptional risks on real estate developments
and acquisitions. Credit Suisse was a lender on at least one of those deals and
this banker had business dealings with Donald Trump. When the deals went bad he
said Donald took every opportunity to screw over lenders, contractors, and
everyone involved by dragging out the process in bankruptcy court and bleeding
the properties. This banker told me Donald is always willing to say and do
anything imaginable to maximize his personal benefit without regard for ethics
or anything else.
Steve Perry, Reading
I
have a good friend who was a VP of development with the Ramada hotel
corporation who had negotiations with him in the early 90s. He said that
he was blustery, loud and pretentious, basically insufferable, he would
negotiate like a bully over a lot of trivial issues, he would rage and pout and
that in the end he and others would just roll over on some of those issues
simply because they couldn't stand dealing with him. I get the impression
that he was someone who they tolerated as best that they could, and someone
they preferred not to do business with.
Ivanka Trump interviewed me and hired me to
work for Trump Org last year. My work was there was only 8 months, and it was
project-based and not in New York
Donald Trump was very much
"hands-on" during the construction process. He relied on Ivanka for
interior design and delegated that to her about like any exec would delegate to
a trusted department head - almost completely but with touch points at critical
points.
As far as construction, he left that to us,
as we were on schedule with our part, and concentrated entirely on the golf
experience (which was his passion on this project). Also, he had greatly
expanded the scope of part of the project (the Clubhouse) and spent a lot of
his on-site time on that. I have personal knowledge that he paid all his bills,
though for sure he negotiated And did not pay carte blanche. I know the
construction execs for the company that went out of scope, at risk, and they
got paid and are still working for the Trump Org. I dwell on this only because
another Quoran reports that Trump behaves dIfferently In business.
He was the visionary for the project and
strong about his vision, but I witnessed several instances, some of which were
no small matters, where he listened to advice from others and changed his
direction.
As to hotel operations, he left that almost
completely to others, whom he trusted. I never saw anyone "fired",
and certainly not by him. More on that below.
People who worked with him for a long time
adored him and many had good storlies about him. He's very loyal to people on
his team. He's busy all the time and all the information about not drinking is
absolutely true. He's a fan of regular working people and came to the employee
cantina to thank everyone. He regularly took time to talk one-on-one with
staff, especially if he recognized them from previous visits.
Trump is not a blue blood and had detractors
among the Palm Beach and Manhattan
The five-star hotel business is run by
people who have been around these blue bloods and make their careers managing
the hospitality needs of these types. (The rest of us are just there to make
RevPAR). Meaning that there are people who know for sure that they know more
about managing a five star resort than Trump does. The caricature of Trump
would have him firing such people in a board room. But that isn't what
happened. Trump worked with him and his team and made changes to support the
expert. All was done quietly and professionally behind the scenes.
Pix from jezebel.com.
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