# Lindblad Expeditions and Government Bailout

**URL:** <https://boards.straightdope.com/t/lindblad-expeditions-and-government-bailout/853038>\
**Category:** Great Debates\
**Created:** [May 2, 2020, 9:44pm UTC](https://boards.straightdope.com/t/lindblad-expeditions-and-government-bailout/853038 "2020-05-02T21:44:37Z")\
**Posts on this page:** 6\
**Page:** 2

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**Author:** ![Ruken](https://avatars.discourse-cdn.com/v4/letter/r/f475e1/32.png) [@Ruken](https://boards.straightdope.com/u/Ruken)\
**Post date:** [May 4, 2020, 7:22pm UTC](https://boards.straightdope.com/t/lindblad-expeditions-and-government-bailout/853038/21 "2020-05-04T19:22:41Z")

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> [@RitterSport](#):
>
> **Ravenman** already stated that their ships are flagged in other countries. He didn’t provide a cite, but do you have reason to doubt that?

Since I hadn’t found a list, I was curious if anyone else had.

> [@RitterSport](#):
>
> Second, why would you think that all the money would be exactly evenly distributed among the American employees? That seems like a bizarre assumption.

Your response is what’s bizarre. If we assume A, then B. If we assume X, then Y. That says nothing about whether the assumption is likely, at least not in the English I use. I neutrally posted a boundary condition so others didn’t have to do the math.

> [@RitterSport](#):
>
> More likely, management would get lots and the employees, including their non-American employees, would get much less.

That’s certainly a possibility. If you have evidence to support your assessment, I’m sure everyone would love to read it.

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**Author:** ![smiling\_bandit](https://avatars.discourse-cdn.com/v4/letter/s/e9a140/32.png) [@smiling\_bandit](https://boards.straightdope.com/u/smiling_bandit)\
**Post date:** [May 4, 2020, 7:22pm UTC](https://boards.straightdope.com/t/lindblad-expeditions-and-government-bailout/853038/22 "2020-05-04T19:22:45Z")

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> [@etasyde](#):
>
> Uh… okay, that’s not how brokerages work. The majority of Disney (and really, virtually Everything) is owned by one entity, [Cede & Co](https://en.wikipedia.org/wiki/Cede_and_Company). If you have stocks in a brokerage, you don’t own them. They are not in your name, and you cannot use them to vote.

I am an incredible stickler for precision and even I think going into that explanation is irrelevant. In every way, shape, and form that it matters, I can be said to “own” the stock although, yes, you are correct that it’s all technically placed into a meaningless black-box of a shell. I can buy it, I can sell it, I get to decide stock votes, and I receive dividends.

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**Author:** ![Ruken](https://avatars.discourse-cdn.com/v4/letter/r/f475e1/32.png) [@Ruken](https://boards.straightdope.com/u/Ruken)\
**Post date:** [May 4, 2020, 7:27pm UTC](https://boards.straightdope.com/t/lindblad-expeditions-and-government-bailout/853038/23 "2020-05-04T19:27:34Z")

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> [@Ann\_Hedonia](#):
>
> The lottery aspect of these programs is bothering me a lot.

I agree with most everyone else you wrote that I snipped out, but this one really bugs me too. There’s the lottery aspect of getting PPP money, then there’s the whole weirdness where we have the unemployment supplement vs PPP money, both coming from the feds, but often leaving people in very different situations.

I know other countries have payroll retention plans as part of their unemployment system. So it’s not like we needed to reinvent the wheel here. But that would have required foresight.

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**Author:** ![RitterSport](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/rittersport/32/6326_2.png) [@RitterSport](https://boards.straightdope.com/u/RitterSport)\
**Post date:** [May 4, 2020, 7:29pm UTC](https://boards.straightdope.com/t/lindblad-expeditions-and-government-bailout/853038/24 "2020-05-04T19:29:37Z")

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> [@Ruken](#):
>
> Since I hadn’t found a list, I was curious if anyone else had.  
> Your response is what’s bizarre. If we assume A, then B. If we assume X, then Y. That says nothing about whether the assumption is likely, at least not in the English I use. I neutrally posted a boundary condition so others didn’t have to do the math.  
> That’s certainly a possibility. If you have evidence to support your assessment, I’m sure everyone would love to read it.

I can’t cite a hypothetical, since they returned the money.

What do you think about letting them furlough their employees so they can get unemployment plus the $600 bonus – doesn’t that seem to be a more effective way to get money into the hands of the people that need it? It certainly eliminates any possibility that management decides to use any bailout money to pay themselves or their foreign workers, right?

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**Author:** ![Ravenman](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ravenman/32/2929_2.png) [@Ravenman](https://boards.straightdope.com/u/Ravenman)\
**Post date:** [May 4, 2020, 8:20pm UTC](https://boards.straightdope.com/t/lindblad-expeditions-and-government-bailout/853038/25 "2020-05-04T20:20:13Z")

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> [@Ruken](#):
>
> Since I hadn’t found a list, I was curious if anyone else had.

I never found a comprehensive list. Obviously, National Geographic nor Lindblad advertise it. But if one googles the names of the ships of their fleet, you can find them. Seemed like most of their ships are registered in the Bahamas and one or two in Ecuador. But I didn’t look up all of them.

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**Author:** ![RioRico](https://avatars.discourse-cdn.com/v4/letter/r/f04885/32.png) [@RioRico](https://boards.straightdope.com/u/RioRico)\
**Post date:** [May 5, 2020, 1:16am UTC](https://boards.straightdope.com/t/lindblad-expeditions-and-government-bailout/853038/26 "2020-05-05T01:16:10Z")

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> [@smiling\_bandit](#):
>
> No. The largest stockholder is actually Steve Jobs’ widow with 7.5% (am not sure, but believe that was part of the Dreamworks deal). The company is mostly owned by relatively small shareholders rather than big “name” investors. The owners-of-record like Vanguard and Blackrock don’t really hold stock for themselves; they buy on behalf on their own customers who really “own” the shares.

Lauren Jobs cut her share in half and so is not in the top 10 of Disney owners. I’ll get a cite if you wish. Small investors in big funds don’t dictate a firm’s actions - the big-fund managers do. Do you see any smallholders on Disney’s board of directors?

> [@](#):
>
> That being said, it’s a side topic. Cruise lines are very low on the priority list of anybody who should be getting bailouts, but the PPP was about helping _employees_, not **employers**.

Employees can’t usually buy legislators; employers do. And US pols are fairly cheap in the global market. [del]Bribes[/del] Campaign contributions show a good ROI. And I’m wary of “should”. Government _should_ aim at helping those in need. Right. “Need” can be strangely defined.

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