Oilers owner , Darryl Katz taking the Boyle Street Community Services to court over a 5 million dollar donation
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The simple fact that Katz is a billionaire is irrelevant. IF (noticed how I said IF), the charity is in breach of contract then Katz should not pay. You would not want to pay if you were in a similar position so why should he?
LeonDraisaitl
Registered User
You are doing the same thing and automatically assuming guilt cause he’s apart of that group. Weirdly ironic
ArGarBarGar
What do we want!? Unfair!
- Sep 8, 2008
- 44,103
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I’m not assuming guilt, I just don’t care that Katz might have to fork over an extra $5 mil to support the unhoused.
Johnny HFBOARDS
Trade you!
Phantom of the Opera strikes again. For reals, 5 mil is a lotta model sex
Considering how a very few people control most of the planet's wealth it is obscene. The greed and avarice and desire to control from.these people knows no.bounds while many are trying to scratch an existence.
WaitingForThatCab
Iconic.
- Mar 11, 2017
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People who think that non-profit organizations are beyond reproach simply haven't been paying attention to anything.
I don't understand people like you... This is no different than Racism, Stereotyping or any other type of prejudice. There are billionaires that are crap people and there are billionaires that are good people. There are people with no money that are good people and there people that have no money that are crap people.
Don't get ass kissing confused with being neutral and treating each person on their own actions and facts regardless of skin colour, ethnicity, money or any other stereotype that you feel morally above.
Dr Pepper
Registered User
Uh huh.
Well, in your estimation, where does billionaire Daryl Katz fall in to the equation with regards to this latest embarrassing story?
Pucklington
Zum Bäcker.
To be fair... he looks like he's dead... and then reanimated...
And they have Murray Edwards... But Katz is pretty bad...
I'm volunteer fundraiser for a large local non-profit. This would be fairly easy to prove - fundraising efforts are pretty consistent year over year. If for instance they canceled the golf tournament, or a gala, or both, would be pretty obvious.
1989
Registered User
- Aug 3, 2010
- 10,808
- 4,656
How do you think billionaires become billionaires?
Do you think they approach moneymaking holistically with everyone's best interest in mind from the lowest point in the supply chain, or do they maximize revenues by minimizing the profits of others?
Why does anyone, ever, need to amass more than say, even 50 million dollars in value? Do they not live comfortably enough at that point?
- Mar 4, 2004
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Sure sure... calling billionaires bad on an internet forum is exactly like racism.
This is super naive and ill-informed.
The guy was buying property that will undoubtedly increase his net worth 1000's of times over $5 million dollars. He's not giving it because he cares.
It has nothing to do with local governments either. They (like most governments) are trying to manage funds covering a variety of services for millions of people. They aren't just dealing with a corner on a street. If they were, I'm sure no one anywhere would be screaming about "my roads" or something when they hear about them covering the costs that a billionaire wouldn't pick up for a homeless shelter.
archangel2
Registered User
- May 19, 2019
- 2,996
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I did a quick dive into some of the back story and stuff that some posters are either over looking or just ignoring.
The 5 mill donation came with an agreement about fund raising my the charity. It is not unusual for this to happen. Not only did the charity not do what I would consider basic fund raising but it looks like the their accounting is being questioned. It looks like the charity at some point in time took the donation for granted and did not think they would be called on it.
Before I toss Katz under the bus I need to get more information about the fundraising that Boyle Street did or did not do.
The 5 mill donation came with an agreement about fund raising my the charity. It is not unusual for this to happen. Not only did the charity not do what I would consider basic fund raising but it looks like the their accounting is being questioned. It looks like the charity at some point in time took the donation for granted and did not think they would be called on it.
Before I toss Katz under the bus I need to get more information about the fundraising that Boyle Street did or did not do.
Score08
Registered User
- Apr 6, 2017
- 5,188
- 5,435
Okay I’ll make it simple, they entered into an agreement, and failed to uphold their end of the agreement.
According to the billionaire who is saying they breached it because "they didn't try hard enough".
The agreement, on its surface, was that he'd give them another $5 million if they didn't meet a fundraising amount to help with relocation from the building he was buying from them. They didn't meet that goal. He's now saying you should have worked harder to so I'm not paying it.
But you go to bat for the guy who's trying to get out of something based on a technicality and semantics while he gets richer due to this place giving him a good deal on real estate.
- Aug 3, 2021
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You're just defensive because your owner was mentioned in yet another unflattering light. And you'll defend him whether the accusations are coming from a homeless shelter or a young ballerina.
Darryl Katz really is a piece of work.
biturbo19
Registered User
- Jul 13, 2010
- 27,695
- 12,859
The funniest part of this is that this Katz cheapskate war on the homeless here, is actually going to continue to just exacerbate the issue around his fancy new Ice District that the taxpayers bought him.
If you want to actually alleviate and start to "clean up" the homelessness issues around the Arena, you have to give these people somewhere to go. Somewhere to get the help and support they need to try to get their lives back on track. Which is what this non-profit is ostensibly trying to provide.
So he's suing to save a tiny fraction of his net worth, to inadvertently spite his vanity project Ice District. Where it's hard to really slap a concrete value on things like this, but a continued homelessness and drug use crisis around the arena district has to have significant financial repercussions that span across a range of properties and business operating (or ultimately potentially choosing not to operate) in the area.
Just another illustration of where billionaires are more just lucky and greedy, than somehow actually more business savvy visionaries than the average person. And just how out of touch they are with the real world.
If you want to actually alleviate and start to "clean up" the homelessness issues around the Arena, you have to give these people somewhere to go. Somewhere to get the help and support they need to try to get their lives back on track. Which is what this non-profit is ostensibly trying to provide.
So he's suing to save a tiny fraction of his net worth, to inadvertently spite his vanity project Ice District. Where it's hard to really slap a concrete value on things like this, but a continued homelessness and drug use crisis around the arena district has to have significant financial repercussions that span across a range of properties and business operating (or ultimately potentially choosing not to operate) in the area.
Just another illustration of where billionaires are more just lucky and greedy, than somehow actually more business savvy visionaries than the average person. And just how out of touch they are with the real world.
ManofSteel55
Registered User
What I do know, is the "story" is a lot more complicated than I care to look into. Katz may very well be a crap person but it would have nothing to do with him being a billionaire.
Yes...Saying some one is bad solely because how much money they have in their wallet is no different then saying someone is bad because of what colour their skin is. Both instances are making character assumptions based on something that is completely irrelevant. If you don't understand that, I can't help you.
There are a lot of ways people become billionaires. Some billionaires are great people and do in fact take other peoples best interest in mind. What you describe as maximizing revenues at all cost are what you find in publicly traded companies where the CEO needs to keep Timmy, the shareholder who owns 3 shares, happy. A lot of Billionaires keep their companies private to avoid such nonsense.
Thanks for advising me that an awesome person turns to crap when they amass $50million and 1 cent. A lot of the players now amass that in their contracts. They too have automatically become a**holes. Sorry... no exceptions. I was told It's all based on how much money someone makes.
Point being. A**holes are a**holes. You don't need to be a billionaire to be one.
