Stephen Ross reloads the Michigan Money Cannon
The University of Michigan's biggest donor, billionaire real estate mogul Stephen M. Ross, has made another hefty donation to his alma mater, pushing it over its $1 billion campaign goal for student support.
UM announced Wednesday, Sept. 20, that Ross has made a $50 million donation, bringing his lifetime giving total to $378 million.
http://www.mlive.com/news/ann-arbor/index.ssf/2017/09/umich_alum_stephen_ross_donate.html
Stephen Ross appreciation thread?
September 20th, 2017 at 1:00 PM ^
No tax evasion schemes this time, please...
September 20th, 2017 at 1:12 PM ^
No kidding. Please take your accountants' advice and be content with your substantial tax benefits at the state and fed level.
September 20th, 2017 at 1:45 PM ^
We should be seeking his advise and not giving him ours.
September 20th, 2017 at 1:48 PM ^
September 20th, 2017 at 2:02 PM ^
but you know who never has to go to court over tax evasion? People without much money. I'll still take his advice before yours.
September 20th, 2017 at 3:49 PM ^
On how to properly file and pay my taxes? Probably not
September 20th, 2017 at 6:43 PM ^
Wow. We actually have someone on this board who thinks Ross files and pays his taxes himself? I'd have thought that kind of thinking was left to RCMB.
Ross's accountant pused too far this time and he had to pay a fine. The money they save Ross by pushing just short of too far more than makes up for the fines when they miscalculate. That's how our tax laws are written, unfortunately.
September 20th, 2017 at 9:24 PM ^
September 20th, 2017 at 7:18 PM ^
until they do a flat rate percentage tax- the wealthiest will try to keep as much money as they make and in ross's case chose to give it to uofm instead of the government. go blue.... they will find a much better use of it than the politicians.....
September 20th, 2017 at 2:03 PM ^
is like a $15 parking ticket for you and I. Minor annoyance but he makes more than $3 million while pissing in the toilet when he wakes up each morning.
Apologies if your last name is Buffet, Gates, Putin or Allen in which case you should feel free to offer up your advise.
September 20th, 2017 at 2:10 PM ^
He still broke the law.
Because he has a shit ton of money doesn't mean he's free and clear from doing whatever he wants.
September 20th, 2017 at 2:15 PM ^
What country do you live in?
September 20th, 2017 at 2:20 PM ^
Money = Justice.
September 20th, 2017 at 3:53 PM ^
September 20th, 2017 at 2:36 PM ^
September 20th, 2017 at 2:50 PM ^
No it doesn't.
I get that athletes and famous people often get the benefit of the doubt and less punishment than they should. But he doesn't get the right to break the law.
He's a smart guy. He knows what he did, and from all accounts, is a pretty big deal in the world of finance.
September 20th, 2017 at 2:44 PM ^
Not worth arguing with these guys over. You're responding to one of the kids in this video:
September 20th, 2017 at 2:53 PM ^
I'll never understand America's infatuation and worshipping of wealthy people.
Just b/c they're wealthy doesn't mean they did it in a moral manner ESPECIALLY in the real estate industry where slumlords reign supreme... (see Donald Sterling and that kid's dad from the video)
September 20th, 2017 at 2:55 PM ^
I appreciate that he likely put in a ton of work to become rich.
But I'm not going to put him a super high pedestal because of the fact that he makes more than I do. And I'm not going to say, "ah, he's rich, don't worry about his tax dodging."
September 20th, 2017 at 3:51 PM ^
but he's also put a lot of other people to work and has also given a huge sum of $$$ to UM over the years. I'm not saying that anyone should be bowing down to the man, but let's give appreciation where it's due.
September 20th, 2017 at 6:47 PM ^
Every rich person dodges taxes (or, more properly, pays people to doge taxes for them). Sometimes they miscalculate what the IRS will swallow, and have to pay (properly) additional taxes and a fine. There's no moral component to it.
September 20th, 2017 at 3:01 PM ^
September 20th, 2017 at 4:39 PM ^
perfect example of luck versus skill. Failure at Dominos, failure as AD, and Toys R Us still hired him and paid him a healthy sum. Well maybe it just proves it is who know not what you know.
September 20th, 2017 at 6:00 PM ^
I'm not saying there isn't such a thing as luck, but the skill of getting a job / getting a promotion is a vastly different skill than what is required to be successful at said job. Many people are skilled at getting a new job. Your premise that he doesn't have skill because he isn't successful while performing the job ignores his interpersonal skills while applying for new positions and convincing people it wasn't his fault.
September 20th, 2017 at 8:51 PM ^
Don't forget the OTHER donald!
/no politics!
September 20th, 2017 at 7:13 PM ^
you never tried to get a tax break that was a little risky in your life???....
September 20th, 2017 at 3:29 PM ^
Assuming it takes Ross 10 minutes to pee in the morning, that would mean he makes about 18 million/hour, or about 432 million dollars every day.
He has a lot of money. He does not make 3 billion dollars per week.
September 20th, 2017 at 11:03 PM ^
if I ever get real rich, I hope I'm not real mean to poor people.
...like i am now.
September 20th, 2017 at 3:56 PM ^
All Super Weathy people are tax cheats. They can afford accountants to figure out schemes for them. I had a friend who was a tax attorney that spent all of his time cooking up schemes for the uber-rich.
September 20th, 2017 at 4:23 PM ^
Broad brush to paint. And probably inaccurate.
September 20th, 2017 at 9:31 PM ^
September 20th, 2017 at 1:56 PM ^
Hey if people inside Schembechler Hall are monitoring this board, maybe billionaire real estate moguls are too.
September 20th, 2017 at 2:41 PM ^
Hi!
Oh, wait . . . I thought you said mongrels.
Never mind.
September 20th, 2017 at 5:22 PM ^
having money doesn't necessarily mean you're a great businessman, you could just be a crook.
September 20th, 2017 at 1:05 PM ^
September 20th, 2017 at 1:05 PM ^
and his prolific donations to UM. $378 million....damn
September 20th, 2017 at 1:06 PM ^
Never in my wildest dreams would I have thought the Hatter was Stephen Ross.
September 20th, 2017 at 1:06 PM ^
September 20th, 2017 at 1:10 PM ^
loony, let him give some money to get kids into the da*n school! For f's sake--we've got a country full of people who don't want to fund education and we are living the scary outcomes across the board!
Sane people: help me out a little here. Throw me and Steve a bone!
September 20th, 2017 at 1:16 PM ^
I actually think we have too many college educated people and are living with the outcome. A lot of them were only taught what to think not how.
September 20th, 2017 at 1:22 PM ^
thinking that you're vaunting. And you're confusing your terms; of course minds are being filled with horseshit in many programs (no where more, perhaps, than in Business Schools); that doesn't make horseshit synonymous with higher ed.
Sorry, I went to the UM in the 70s when it was still a bastion of alternative thinking. I know it's gotten a little more conservative.
September 20th, 2017 at 1:38 PM ^
Cliche'd Twaddle FTW.
I mean, I agree with the person your replying to that we have too many college graduates, and the value of most bachelors degrees gets watered down. I would love to see there be less colleges (and precisely zero for-profit colleges), and far more community colleges and trade schools to fill in the gap. Don't even get me started.
But "cliche'd twaddle"? That is freakin' brilliant.
(It sounds like a medical condition involving tearing the connective tissue near the taint, leaving the skin hanging loose like a hackneyed version of a chicken's neck.)
September 20th, 2017 at 1:46 PM ^
I will never think of perineal tears in the same way again. Thanks for that.
September 20th, 2017 at 1:46 PM ^
And I'll add that probably 50% of the jobs that require a degree now, shouldn't.
September 20th, 2017 at 1:56 PM ^
I appreciate the amen, but I was hoping you would be able to confirm what a "cliche'd twaddle" is.
I know it's either the taint condition I described above, or a hot dish passed about in Minnesota gatherings, made of disconnected skin sagging from someone's taint that looks like a hackneyed chicken neck. Could it be both?
(Also disappointed that I typed "your" rather than "you're" in my initial reply to MGlobules. I'm downright despondent, in fact.)
September 20th, 2017 at 1:57 PM ^
a Koren dish made from fermented taint skin. They cut it off the pig (or person, dog, whatever the case may be) and then bury it underground to ripen for several weeks.
You know it's ready when it looks like a hackneyed chicken neck and smells like a Wisconsin OT's gym socks.
It's sublime.
September 20th, 2017 at 2:11 PM ^
*del*
September 20th, 2017 at 1:49 PM ^
That's a very descriptive description - you should be proud of yourself, for that! Or disgusted, depending on your conservative POV...
September 20th, 2017 at 2:29 PM ^
September 20th, 2017 at 3:57 PM ^