Leadership. Donald Trump

3647 Words Mar 2nd, 2012 15 Pages
“A leader leads by example, whether he intends to or not.”

Introduction:
Donald John Trump was born on June 14, 1946, in Queens, New York, the fourth of five children of Frederick C. and Mary Macleod Trump. Frederick Trump was a builder and real estate developer who came to specialize in constructing and operating middle income apartments in the Queens, Staten Island, and Brooklyn. Donald Trump was an energetic, assertive child, and his parents sent him to the New York Military Academy at age 13, hoping the discipline of the school would channel his energy in a positive manner. Trump did well at the academy, both socially and academically, rising to be a star athlete and student leader by the time he graduated in 1964. He entered Fordham
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Although he handed over most of his holdings to the creditor banks, he remarkably managed to bounce back by the end of the 1990s. He shared his story in the book, The Art of the Comeback, and has done more work in the publishing world as he has co-authored several books about none other than himself, including Trump: The Art of the Deal, and Trump: The Art of the Comeback as well as Trump: The Art of Survival, among others. His most recent book, How To Get Rich: Big Deals from the Star of The Apprentice also made the bestseller lists.
Donald Trump has also been caught in the 2008 financial crisis as sales for his Trump International Hotel and Tower in Chicago have been lagging and he failed to pay a $40m loan to Deutsche Bank in December. Arguing that the crisis is an Act of God, he evoked a clause in the contract to not pay the loan and initiated a countersuit asserting his image has been damaged. Deutsche Bank has in turn noted in court that 'Trump is no stranger to overdue debt' and that he has twice previously filed for bankruptcy with respect to his casino operations. “I don’t think it’s a failure, it’s a success,” Donald Trump said in the interview. “In this case, it was just something that worked better than other alternatives. It’s really just a technical thing, but it came together.”
“We have one of the most powerful gaming companies the day it comes out (of bankruptcy). There’s
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