Comment history

Millennial242 says...

This is a very unfortunate situation for all. And I hope that the employees see a swift resolution. However, it's fair to call out the realness in this situation.

"payroll deficiencies" = poor financial management.

It is agreed that the COVID-19 definitely has put a global strain on the economy, with repercussions for us locally. However, being unable to make payroll for the week prior to the shutdown (for services already rendered) gives an indication that the company may have probably already been in massive cash flow management trouble.

Being a young/new company is no excuse. The management team should have been in a position to properly scale their staff complement to match what their cash-flow could support (no one on the competent team was forecasting cash needs? Staffing cost is the easiest to predict since the company is in full control of that). As a new company, you're allowed a 'bligh' for not providing service at 100% if you're still in the start-up phase. But it's a stretch to ask for a 'bligh' if you intentionally expanded your services beyond what you could afford on the hopes that money was on the way. In tough times, [1] always make sure your staff is in good order and [2] never spend money you don't have yet. The management team should accept some level of accountability for this (not throw it on the investor). I hope this is a lesson learned.

On Fusion: We can’t pay our staff

Posted 27 March 2020, 12:34 p.m. Suggest removal

Millennial242 says...

You mean maybe 200 jobs at minimum wage; significant tax concessions to the foreign entity (that lasts for a decade or more), and most of the profits generated being diverted out of the country to said, foreign owner? At least if it were a Bahamian owned entity, you would have more comfort in knowing the profits were being redistributed into the local market. In the long run, that does not materially help the economy. In the short run...sure, maybe.

On AG: Entrepreneur 'extremely selfish'

Posted 3 March 2020, 11:45 a.m. Suggest removal

Millennial242 says...

SMH...that statement really should not be used to generalize ALL Bahamians.
I think this depends on the industry and HOW the employer is advertising. I know of several young Bahamians that are part-time in school and looking for landscaping and other side hustles. If you come with the mindset that "ain't no Bahamians want to do this anyways" then of course you won't even go looking in their direction. Put one of those job advertisements on instagram for a part-time gardener/handyman and I bet they will find young and idle Bahamians willing to do it. Half the time, the employers advertising in such an archaic way that they are not even connecting with the viable job seeker in the first place.

On Bran: Bahamian 'work ethic is bad'

Posted 26 February 2020, 4:26 p.m. Suggest removal

Millennial242 says...

I really hope his "good ideas" are based on more than just his personal experience and exposure. I don't recall any survey or study going out to chamber members to get their input. We must recognize that having an understudy and determining the best way to develop that individual depends on the industry and nature of work. Blanket suggestions for an overall strategy won't do the trick. I hope his ideas represent that of a diverse mix of business types.

Millennial242 says...

If I have paid for the item and have proof that I paid for it, it is my property. What I do with it henceforth is not subject to the dictation of the person that sold it to me. If I decide to walk out with it in my hand, that is my prerogative. Perhaps your security model is outdated and that is what needs to be changed. This policy goes against the common law between buyer and seller. Very often I forget to bring my bag. Or, if I am going in the store for one item (let's say a bar of chocolate or a drink), I often refuse a bag anyways.

On 'Thieves using plastic bags ban to shoplift’

Posted 25 February 2020, 10:16 a.m. Suggest removal

Millennial242 says...

Wow that's such a specific request by the Dutch...hmmm....The Netherlands / The Bahamas....Quick Google Search...

- The 10th largest company in the Netherlands bringing in approximately $1 Billion in profit annually (per Fortune 500 Listing) ---> Heineken N.V.
- The company with the highest P/E ratio on the Bahamas Stock exchange, bringing in 24 Mil in profit in 2017 and 6 Mil in profit in 2018 - Commonwealth Brewery Limited (2019 profit probably went back up a bit)
- Heineken N.V. owns 75% of Commonwealth Brewery Limited

Soooo hmmm, I would be very wary of The Netherlands and anything related to our country's tax regime. Their suggestions would significantly impact a major company in our country, that also has significant interests in their country. What's this really about?

Millennial242 says...

Spot on! If anything, customs should have shut them down since the first week in January. The fact that they extended up to now (mid-February) is also an exception in itself. The bond requirement is an annual thing. Yes, the hurricane took place, but at some point, that can not continue to be the reason for allowing non-compliance. The rope is only so long.

On Customs grounds sole Abaco freight provider

Posted 21 February 2020, 12:49 p.m. Suggest removal

Millennial242 says...

The trend of listening to other radio stations started long before this...ZNS needs a full re-branding.

On Shenique hits out after ZNS dismissal

Posted 3 February 2020, 11:33 a.m. Suggest removal

Millennial242 says...

I made a personal goal to consistently follow the media and "dailies" over the past year and a half. While I am extremely familiar with Shenique Miller's professional work, I have to say that I have not once had an interest or even remembered her new show. I remember seeing an advertisement about it a long time ago...but that was it. I think it had more to do with that fact that it was on ZNS (a very OLD station in the eyes of persons 40 and below). She definitely has a journalistic presence! My unsolicited advice: connect with a local social media consultant, rebrand yourself, start your own media program (use instagram/youtube/podcasts) for an initial platform, and then watch the cash come in from advertisements. I'm under the age of 40 and your presence is still impactful. Get out your comfort zone and claim your own crown...seriously. Rise above the back and forth with ZNS...a station which is consistently losing viewership and listeners.

On Shenique hits out after ZNS dismissal

Posted 3 February 2020, 11:31 a.m. Suggest removal

Millennial242 says...

Ok. I read through the article and I am still not clear as to exactly what it is that Mr Rodney needs to be rectified. Also, why is it only detrimental to his property/operations? Because surely if this is something that is so egregious to the industry, wouldn't there be other boutique hotel owners on the island screaming and shouting just as loud? Or are other hoteliers experiencing the same issues and just finding a way to make it work? Because if they are...then he needs to figure out a way to make it work as well. I'm just not grasping what the real issue is for his hotel. Ultimately his decision to close Compass Point is HIS fault and no one else's. I don't see any other boutique hotels threatening to close...so that really weakens his stance. There is definitely not a lack of jobs available in the hotel industry right now...so if he closes, he better pay the Bahamian people and the Government will help them get new jobs with ease.

On Compass Point owner issues licence warning

Posted 30 January 2020, 10:20 p.m. Suggest removal