Hacker News new | ask | show | jobs
by dylan604 1003 days ago
Do you honestly believe that the money used to operate the company comes out of his personal bank accounts? Are you just this unaware of how things work, or are you being a troll?
2 comments

That’s not what that person said though. Bloomberg, the company, is an asset of Bloomberg the man, a tool he uses to accomplish… whatever he is up to. It’s a legal fiction under his direct control, money in the bank.
If he decides he'll need 500 million more for his personal goals he does a dividend amounting to a reduction of 568 million in Blomberg's money on hand, presto!

Huge difference there because it spent some time in his account, if you are his accountant or if you are Bank of America, but for the rest of us the distinction is largely a waste of time.