CNN has a listing of the top 25 greediest CEO based upon stock dealings. Guess who is number one? Uncle Phil. Clears up many of the questions I have had as to why the MLS is so second rate. www.fortune.com/insiders/execs.html
If Anschutz hadn't been so "greedy" with stocks, he wouldn't have the money to keep MLS going. Thank God for Phil's "greed."
If it weren't for Uncle Phil, the MLS would more than likely be dead. Keep up the good work! And, isn't the sole purpose of the stock market is to make money?
Making money is fine. Being the greediest often doesn't bode well for your company. Ask Lou Pai. Look at some of the companies up there and how many of them are having major difficulties and/or have been faced with scandal. Call me a skeptic, but I think having the "greediest CEO" as owner of your league and multiple teams not too healthy.
Those rankings are based on stock sales alone. He sold big on Qwest and made some money, but I also know he hung on to a lot and lot a lot on that deal too. Are they taking into effect his losses as well? Up to 12 billion I hear. There's another person on that list who did Qwest as well, is it, perhaps, because they might have brought a fledgling company up from the ground and then sold when the time was right to make a profit to continue to create yet more jobs in other industries to help America? Because that's what Phil does. He's not taking everything to Mexico or overseas, he keeps a lot of American workers working. Call it greed, call it selfishness, call it whatever, but Phil is not going to go Enron. BTW, did they take his rampant Christianity into effect? That religion and moral structure that causes the charity backed by his family to give away more than $14m? I'm not saying that Phil is above reproach, but let's take everything into effect before going crazy with Fortune's tag of "greedy," he is a lot better (and a lot better off) than a great many people around today.
Nothing wrong with being greedy. The man is a smart businessman and entrepreneur. He sold stock for a substantial gain at the right time, we should all be so lucky. He also lost an extremely large amount as well. He built up a small company to a multi-billion dollar behemoth and made money on it, good for him. I am all for greed, it drives the world.
Didn't he donate around $50 million or so for a new hospital at U. of Colorado, and he didn't even want his name on it?