framer
Well-Known Member
Yeah, that remains to be seen. Pretty sure they haven't turned a profit thus far, and commercial real estate has probably hit its peak value nationwide.Doesn't really matter at this point. They've turned that franchise into an absolute money printing machine, especially with the move into downtown SF. They can spend monstrous amounts on salary and still be raking in cash.
Not sure what the governmental tax situation there is, but I'd bet it is pretty damn hefty.