Politics

Republican Mega-Donor Sheldon Adelson: “I’m paying 10,000 employees as though they were still working”

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Republican mega-donor Sheldon Adelson published an op-ed in the New York Post on Wednesday evening explaining that he is still paying his employees even though his businesses are closed — and encouraged others to do the same.

Adelson — a frequent target of left-wing attacks, particularly during elections — recalled his own rise from poverty in explaining why he was keeping 10,000 employees on the payroll though his casino hotel resorts were closed:

Although the resort hotels of my company, Las Vegas Sands, are shuttered, I’m paying every one of our nearly 10,000 employees as though they were still working. We’re even working to make up for lost tips. I hope to do that right up until the time that we can reopen our businesses.

It’s not only the right thing to do — it’s good business.

I’ve often said the story of my career would be a true rags-to-riches account, except for the fact that my parents couldn’t even afford the rags. As the son of hard-working, low-income, immigrant parents, I grew up with the same anxiety people across the nation are feeling right now.

To my fellow corporate executives who are looking at spreadsheets and trying to determine the impact this crisis will have on sales and share prices, let me say: Our job as business leaders is now as simple as it is challenging. It is to maximize the number of employees and their families that we can help — and help them for as long as possible.

Adelson noted that Las Vegas, where he is based, has suffered many recent crises — and bounced back each time.

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