Fat-cat Hello Kitty to save Universal Studios Japan
Ok, ok, the “saving” is actually being done by the Goldman Sachs bank who used some of its US Treasury Department’s TARP money to pay executive bonuses…and maybe one of those fat-cat executives was Hello Kitty who is on a mission to save the Universal Studios Japan theme park.
Goldman May Unveil Universal Studios Japan Bid Today
Bloomberg.net — March 18, 2009 ….The park’s attendance will be about 8.6 million for the year that ends March 31, down from 9.9 million five years earlier…Goldman Sachs would make a takeover bid for full control of USJ by March 31….The company reported net income of 4.13 billion yen for the six months ended Sept. 30 on sales of 34.33 billion yen, after introducing new characters including Sanrio Co.’s cartoon cat Hello Kitty.
Another of the fat-cat executives on the payroll Universal Studios Japan who Goldman Sachs is wasting their US Treasury Department’s TARP (Trouble Asset Relief Program) money is Elmo. Here’s the king-of-kink, Elmo, at Universal Studios Japan promoting his special Rainy Day Plan Poncho.
900yen ($9 USD) at USJ giftshops
- 
March 19th, 2009 at 7:07 pm
Well it appears that the US government bailout of Goldmanwon’t be paying Hello Kitty’s bonus. It seems that some (most?) of the money to takeover USJ is coming from the private equity firm MBK Partners and Owl Creek Asset Management.