Profile picture
, 7 tweets, 3 min read
My Authors
Read all threads
1. Millions of Americans are putting their lives at risk to serve others.

Millions have lost their jobs.

Millions are working from home while caring for their children.

Private equity firms are exploiting the pandemic for cash.

popular.info/p/how-private-…
2. In Pennsylvania, a private equity CEO (& major Trump donor) threatened to shut down a hospital in the middle of the pandemic unless it received millions in taxpayer cash

It worked

The private equity firm is now getting paid $8 million from taxpayers

popular.info/p/how-private-…
3. In Philadelphia, a private equity CEO refused to let the city use a completely empty hospital as a quarantine center unless the city paid him $1 million a week.

The city refused and the hospital sits empty in the middle of a pandemic.

popular.info/p/how-private-…
4. In Washington State, a private equity firm (owned by a Trump fundraiser and confidante) fired an emergency room doctor for speaking out about the lack of personal protective equipment and other unsafe conditions

popular.info/p/how-private-…
5. Alteon Health, a private equity-owned emergency room staffing firm, has CUT COMPENSATION for 1700 doctors and other ER staff who are risking their lives in the pandemic

popular.info/p/how-private-…
6. Over the last several years, private equity firms have been buying up ER staffing companies, taking the doctors out of network, and hitting people with massive surprise bills.

Now private equity wants a $3.5 billion bailout for the same firms.

popular.info/p/how-private-…
7. Private equity is doing this because they figure people are busy trying to stay alive and can't pay that much attention.

That's where my newsletter comes in.

Sign up for independent accountability journalism, straight to your inbox --> popular.info/subscribe
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Judd Legum

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @JuddLegum see all

Profile picture
Judd Legum
@JuddLegum
1. The top recipient of taxpayer funds intended to save struggling small businesses is MONTY BENNETT, a multi-millionaire Trump donor who owns dozens of luxury hotels.

The latest SEC filings show his companies have received $96.1 MILLION

It gets worse

popular.info/p/multi-millio…
2. In March, as the pandemic devastated the economy, Bennett awarded himself a CASH BONUS of $1,755,697.

He's going to give himself another bonus of $585,233 "no later than December 31, 2020"

In 2019, his total compensation was $5.6 MILLION

popular.info/p/multi-millio…
3. Also in March, Monty Bennett's companies distributed millions in "preferred stock dividends" to certain shareholders.

Two of the biggest beneficiaries of the dividend were Bennett and his father, who received MORE THAN $2 MILLION

popular.info/p/multi-millio…
Read 11 tweets
Profile picture
Judd Legum
@JuddLegum
UPDATE: Ashford Inc, which operates luxury hotels like the Ritz-Carlton, has now applied for 64.4 MILLION in PPP loans, which were intended to go to struggling small businesses.

The largest subsidiary paid its CEO $3.1 million in 2019
3 publicly traded companies reported receiving $10 million PPP loans today

FreightCar America (paid its CEO $2.1M in 2019)

IDT Corp (Paid its CEO $1.6 million in 2019)

Harte Hanks (2019 CEO compensation not yet available)
I was looking at the two Ashford Inc subsidiaries.

The parent company also received another 3.3 million in PPP loans (bringing the total to $67.7M) and it's CEO, Monty J. Bennett, was paid $5,668,730 in 2019
Read 3 tweets
Profile picture
Judd Legum
@JuddLegum
UPDATE: On MONDAY Popular Information reported that, despite taking a $20M PPP loan intended for struggling small businesses, @RuthsChris had furloughed virtually all hourly restaurant workers

RUTH'S CHRIS JUST ANNOUNCED THEY ARE RETURNING THE MONEY

popular.info/p/a-raw-deal
@RuthsChris This is the power ACCOUNTABILITY JOURNALISM and PUBLIC SCRUTINY

Change is possible.

There is so much work left to do.

Join this effort --> popular.info/subscribe
There are still DOZENS of publicly traded corporations that are paying their CEOs millions but have not yet returned their PPP fund.

I name names here: popular.info/p/32-millionai…
Read 3 tweets

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!