History Lesson

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TonyB

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HISTORY LESSON. In 1923, who was:

1. President of the largest steel company?
2. President of the largest gas company?
3. President of the New York Stock Exchange?
4. Greatest wheat speculator?
5. President of the Bank of International Settlement?
6. Great Bear of Wall Street?

These men were considered some of the world's most successful of their day.

Now, 80 years later, the history book asks us, if we know what ultimately became of them.

The answers:

1. The president of the largest steel company, Charles Schwab, died a pauper.

2. The president of the largest gas company, Edward Hopson, went insane.

3. The president of the NYSE, Richard Whitney, was released from prison to die at home.

4. The greatest wheat speculator, Arthur Cooger, died abroad, penniless.

5. The president of the Bank of International Settlement, shot himself.

6. The Great Bear of Wall Street, Cosabee Livermore, also committed suicide.

However, in that same year, 1923, the Racing Champion and the winner of the most important auto race, the Indianapolis 500, was Tommy Milton.

What became of him?

He raced until he was 50, died in 1962 at the age of 95. He was financially secure at the time of his death, having won what would equate to $14,500,000 today

The moral: Screw work. Race cars
 
Originally posted by TonyB@Nov 25 2003, 01:57 PM
1. The president of the largest steel company, Charles Schwab, died a pauper.

2. The president of the largest gas company, Edward Hopson, went insane.

3. The president of the NYSE, Richard Whitney, was released from prison to die at home.

4. The greatest wheat speculator, Arthur Cooger, died abroad, penniless.

5. The president of the Bank of International Settlement, shot himself.

6. The Great Bear of Wall Street, Cosabee Livermore, also committed suicide.
I think their fates were a direct result of what happened on October 28th, 1929.
 
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