Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Bill Ackman and Sheldon Adelson: Sugar Daddies of K Street

Bill Ackman and Sheldon Adelson

K Street is asking for help and it knows who to call: Las Vegas Sands CEO Sheldon Adelson and activist investor Bill Ackman. K Street is a GOP lobbying group which is battling well-heeled former Obama aides and left-leaning generous capitalists. Sheldon Adelson has been open fisted in his donations to Republican causes, particularly one dear to his heart; the ban on online gambling. While this sounds like it might smack of government regulation, and would sound more like a left-wing issue, for some inexplicable reason, the casino owner has poured a tremendous amount of funding into this particular fight. Perhaps an online gambling ban is actually a right-wing, rather than a left-wing issue, in that it would promote family values? Don’t bring gambling into the house online–keep it in the casino where it belongs (kids, do you know where your father is? Atlantic City? Vegas?)

Bill Ackman is not the typical GOP donor, because there is an aspect of government regulation he would like, namely, the possible shutting down of Herbalife, which he calls a fraudulent and illegal scheme. It has a similar business model to Tupperware? Well, Tupperware is different. Its products are useful, even beyond the grave, since they last for eternity. And it is less of a pressing moral issue to Ackman because he doesn’t happen to have a huge short position in Tupperware.

Ackman and Adelson make a rare GOP point: sometimes regulation can actually be good for business. But usually if you own it, or a part of it.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement
cialis cialis satış