WholeAccording8364
WholeAccording8364 t1_j2fq2jx wrote
Reply to ELI5: Why do companies that own a building sell the building and lease a space in it? Ex: CBS with television city by hypersucc
Short term gains. You have just bought say, Woolworths, loaded the debt onto the company. You then sell off the freeholds and rent them back. Bang, huge profits for the new owners . Run it into the ground, go bankrupt but walk away a lot richer.
WholeAccording8364 t1_ja0my8z wrote
Reply to JFK paints little flies in the urinals to avoid "messes" by Creation33
Bloody hell, this again. The victorian's in the UK put bees on their urinals because bees in Latin is ipis. And it was something to aim at Some of the older pubs in Manchester still have them