Casino billionaire Sheldon Adelson went on a big rant about having to pay his executives too much
Sheldon Adelson is one of the 20 wealthiest people in the world, according to Forbes.
But the casino magnate thinks his employees get paid too much.
According to The Guardian, "while testifying on Wednesday in a civil suit rooted in allegations that his casino operation in Macao made improper payments to a Chinese official and had ties to Triad organized crime, Adelson unexpectedly enlightened the court on his feelings about the bonus culture."
The casino magnate thinks even his own executives working abroad are paid too much:
The billionaire complained that his expatriate executives, deployed to postings such as Macao or Singapore, were sending their children to school on the company shilling at $30,000 a year in fees for each child. Then some of them were getting Adelson's Las Vegas Sands company to pay $50,000 a year for college education. Adelson called that "offensive."
On top of that there's the housing allowance — $25,000 a month in Singapore, he stressed — and a car.
"Not a Toyota like they would drive here," he thundered.
The judge listened in what looked like bemused silence as Adelson shifted to the high cost of flying executives' families around the world.
"Sending whole families home four times a year is not acceptable," he said. "When it comes to flying, it has to be first-class when the whole family could fly coach."
Adelson also had an interesting answer to a question from the opposing counsel about a signature irregularity on a form, according to The Guardian: "You want to send me to jail? I just bought a big home. I don't want to move to smaller quarters."
Billionaires: You can't send them to jail because there isn't enough square footage.
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