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by SitasMom on 24 August 2012 - 19:08
Kieth, in your business, the worse the price of property, the more your company can earn...
buy it cheap, and sell it high?
btw, the foundation your company supports is cool.

by Keith Grossman on 24 August 2012 - 19:08
buy it cheap, and sell it high?"
We typically don't buy properties with re-selling them in mind unless we get one or two as part of a larger acquisition and they are under-performing and/or don't otherwise fit the quality of properties typical of our portfolio.
"btw, the foundation your company supports is cool."
Thank you! We're pretty proud of the work they do!
by SitasMom on 24 August 2012 - 22:08
your charity is an example of what "people" can do for each other.......not what the government can do for the people...assuming your charity isn't on the government doll.

by Keith Grossman on 25 August 2012 - 00:08
Good detective work! LOL!
Nope, we are in no way dependent on the government although we did receive a tax abatement when we built our new headquarters building several years ago. The reasoning behind that from a city government perspective is that it helps to maintain our vibrant downtown economy not only because of the nearly 1,000 employees who work, eat and shop nearby but because of the couple/few thousand consultants, vendors, potential or existing tenants, etc. who come to our offices every week, stay in area hotels and also shop, eat, etc. downtown. It has proven to be a symbiotic relationship that has benefitted all parties involved. It's pretty much a win/win for everyone.
Some other facts about us that might interest you...our foundation is just the tip of the iceberg as it relates to charitable giving. Our philathropy is so extensive in the community that the individual endowments are too numerous to mention but of particular note was the company founder's family's gift a few years ago of $40 million to build a new wing onto our local children's hospital.
If you are a potential investor, we're a pretty solid place to put your money. Bloomberg, last week, rated our employees the most valuable in the S&P 100 in a comparison of market captalization vs. number of employees. What that means to you is that we run a tight, efficient ship. Our CEO is the best of the best...I've been in this industry for more that 20 years and have worked for this company and many other predominate players in the market as a consultant for many, many years before becoming an actual employee...he is very good at what he does and the results reflect it. He and his executive team are brilliant, actually. Consider: the average return on investment for the S&P 500 for the past ten years has been 58%; our return on investment over that same time period was 397%...and we are entirely reliant on consumer confidence! We are and always have been hiring qualified applicants.
Here's the part you'll hate...we don't give a crap about corporate tax rates or income taxes on the wealthy or health care or any of the rest of that crap that you claim...I know that this an extreme example but if our taxes, health care costs, etc. were 99% and we only had the opportunity to get $1 million on income of $100 million, we'd still take it. It's how we roll...sure, $95 million or 75 million or $50 million would be better but $1 million is still $1 million and it's still profit! The suggestion that any company will turn down any profit because it isn't enough is ridiculous.
Our company, by the way, is run by staunch, pragmatic Democrats.
by Preston on 25 August 2012 - 01:08
by SitasMom on 25 August 2012 - 01:08
keith,
both democrats and republicans have such charities.......many of which are good.
before the welfare state, charities took care of the ones that needed help......the way is should be even now..... the more the federal government gets it claws into the afairs of the people the less freedom we have to actually help others.
by SitasMom on 25 August 2012 - 02:08
I was more worried about out of controll spending........
Will have to check into your link....
by Preston on 27 August 2012 - 03:08
by Preston on 27 August 2012 - 04:08
http://www.youtube.com/watch?feature=player_embedded&v=HruJVj2-5mU
http://www.infowars.com/former-fbi-agent-surveillance-state-trashing-constitutional-protections/
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