Originally Posted by
cuteguy
Some shops don't pay rent because they own their premises.
As noted above, Crown has the capacity to pay its shareholders but doesn't care about its workers. It's no longer owned by Billionaire James Packer who sold a $448 million stake in Crown Resorts, reducing his ownership of the casino operator to less than 50 per cent. Virgin is 90% foreign owned (Etihad Airways (20.94%) Singapore Airlines (20.09%) Nanshan Group (19.98%) HNA Group (19.82%) Virgin Group (10.42%)) and these companies that have an interest in it don't want to bail it out. The government bailed out GMH and what happened in the end? The Americans decided to close up business in Australia. What we are seeing is the poor taxpayer being asked to support large companies that have been paying large salary packages and bonuses to their CEOs and executives and when some crisis hits, it's suddenly the government with taxpayer funds being requested to step in and keep the company trading or pay its workers.