📈 Stock Market 9h ago · AJ Tiarsmith

In 2008, After 34 Years Working For The Same Company, He Owned More Than 6 Million Shares Of Company Stock. Eight Months Later, The Company Was Bankrupt and The Shares Were Nearly Worthless. The Story Of Joe Gregory Holds An Important Lesson For Every Investor

24/7 Wall St
View Channel →
Source ↗ 👁 0 💬 0
The post In 2008, After 34 Years Working For The Same Company, He Owned More Than 6 Million Shares Of Company Stock. Eight Months Later, The Company Was Bankrupt and The Shares Were Nearly Worthless. The Story Of Joe Gregory Holds An Important Lesson For Every Investor appeared first on 24/7 Wall St..
As of January 31, 2008, Joseph M. Gregory owned 6,188,903 shares of Lehman Brothers, according to the firm’s 2008 proxy statement. The same proxy listed another 700,000 shares he could buy wi

Comments (0)

Sign in to join the discussion

More Like This

📰
Name a Charitable Remainder Trust as Your IRA Beneficiary and Your Kids Get Income for 20 Years Instead of a 10-Year Drain. Section 664 Is the Stretch IRA Congress Didn’t Kill, and Charity Gets What’s Left
24/7 Wall St. · 5h ago
📰
If You Own SCHD for a 10-Year Hold, This Dividend Growth ETF Deserves a Look
24/7 Wall St. · 5h ago
📰
His Doctor Will Go Concierge. He Will Pay a $2,400 Annual Fee to Stay in the Practice While Medicare Still Pays for Covered Visits. Declining the Fee Will Mean Finding a New Doctor
24/7 Wall St. · 5h ago
📰
Free Flights Won’t Show Up on a 65-Year-Old’s Pay Stub. That’s Why She’ll Take the Part-Time Job at the Southwest Ticket Counter Over One That Pays $4 More an Hour
24/7 Wall St. · 5h ago
📰
Sell $30,000 of Losing Stock Before Dec. 31 and Convert $30,000 to a Roth the Same Week, and the Loss Erases Only $3,000 of the Conversion’s Tax Bill. The Other $27,000 of Loss Waits for Future Gains
24/7 Wall St. · 6h ago
📰
The Family Will Pay the Nursing Home $43,000 at the Private Rate While Dad’s Medicaid Application Sits. When It’s Approved Back to Day One, the Family Will Have to Ask Where the Refund Is
24/7 Wall St. · 6h ago