With their attacks on his ideology, misogyny, and hair failing to wound him, Donald Trump’s opponents have decided to really cut to the quick: They’re now attacking the boastful billionaire’s business record.
Now, political operative Liz Mair, writing in the
Daily Beast,
says that “
Trump is only successful in the branding and self-promotion department, and rather fair-to-middling in all the others entailed in running a thriving business.”
And it’s simply not the case that Trump is “fair-to-middling” at running his business. In fact, Trump’s business is
insanely profitable. According to that
Businessweek story, the Trump Organization brought in about $605 million in revenue last year, and managed to clear somewhere between $275 and $325 million in profit. That’s a phenomenally high profit margin (which, of course, is a key sign of the health of a business).
Trump’s approximately 50 percent margin means his company is more profitable than Pfizer, Gazprom, and Hyundai – all the most profitable companies in their respective industries. Trump’s company even has higher margins than Apple. Who knew? It turns out Steve Jobs was only “fair-to-middling” at running a business.
http://www.weeklystandard.com/trumps-business-success-is-more-than-marginal/article/1031022