Looted ehough from the taxpayers to last him the rest of his life?
Really? What leads you to say that?
I’m don’t live there, but my impression was that he was a well-meaning, honest guy in an impossible situation.
Bing’s salary was $1.00.
He’s not a bad guy.
Sorry bro but Dave Bing does not deserve such an ignorant comment from you or anyone else. He is a man of integrity and honesty and made his fortune thru hard work, he doesn't have to "loot" from anyone. He may be a Democrat but he deserves respect for all he's accomplished on his own, for all he's given back to the community and he definitely gets it from me.
"Aged 22 with an NBA contract worth $15,000, Bing was rebuffed by the National Bank of Detroit on getting a mortgage to finance a home. This led Bing to work at the bank during the offseason, holding jobs in the teller, customer relations and mortgage departments.
Immediately after retiring, he worked at a warehouse of the steel processing company Paragon Steel and was paid $35,000. He left after two years, after stints in the company's shipping and sales operations.
In 1980, Bing opened Bing Steel with four employees in a rented warehouse from $250,000 in loans and $80,000 of his own money. Losing all his money in six months, the company shied away from manufacturing to focus on being a middleman.
With General Motors as their first major client, the company turned a profit in its second year on revenues of $4.2 million. By 1984, Bing was awarded by President Ronald Reagan the National Minority Small Business Person Of The Year. By 1985, Bing Steel had expanded to two plants with 63 employees posting revenues of $40 million.
Bing Steel would transform itself to the Bing Group, a conglomerate with headquarters located in Detroit's North End. The company, among other things, supplies metal stampings to the automobile industry.
At the 1990 NBA All-Star Game, Bing received the Schick Achievement Award for his work after his NBA career."