Daryl Morey tweeted: “Fight For Freedom. Stand With Hong Kong,” in support of the protesters. Chinese companies began pulling their NBA sponsorships and the NBA quickly issued apologies. It appears that these corporations are more loyal to their income stream than to their professed support for the “fight for freedom”.
MGM, the owner of Mandalay Bay Hotel where Paddock committed the crime, has agreed to pay up to $800-million to settle lawsuits, although it is unclear why the hotel is liable. The most significant aspect of this settlement is that it will protect MGM from further investigation arising form these law suits.
Markopolos’ report indicates that GE is locked into $38-billion in future expenses that it has not disclosed, which is over 40% of the company’s market capitalization. The company says the report itself is fraud because it was designed to plunge the price of GE stock so insiders could buy cheap and sell high later.