Decoder with Nilay Patel · Another billionaire thinks he can fix Warner Bros.
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had $43-$50 billion of debt that the previous owner could not manage
$43-$50 billion
“I had 30 people and one manager was managing like four or five of them. And then I was directly managing, say, like 23, 24 people. The first thing I did was like, all right, what are some pods and figuring out like some areas I could put together who could own areas.”
“Number two would be paying principal and interest repayments on your tax-deductible debt when you also have owner-occupied debt… preserve that, don’t pay it off”
“Debt recycling… $500,000 non-deductible mortgage, got 50K in savings… split it… now $450,000 and $50,000 and then go invest the 50K into shares… now you have $450,000 non-deductible debt and 50,000 tax deductible debt”
“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
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