Sunday, September 16, 2007

Brief Business Insert

A friend sent me this and I thought it was good enough to share with you!

Back in 1923, who was the:

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?

Back in 1923, these six men were considered some of the world's most
successful of their day.


What ultimately became of them?

THE ANSWER:

1. Charles M. Schwab, the president of the largest steel company
(Bethlehem Steel), died a pauper.

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

3. Richard Whitney, the president of the New York Stock Exchange, was
released from prison to die at home.

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

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

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


HOWEVER . . . In the same year, 1923, a man named Gene Sarazen was the
PGA Golf Champion and the winner of the most important golf tournament in
the country, The U.S. Open.

What became of Gene Sarazen?

Gene played golf until he was 92.

He died in 1999 at the age of 95.

He was financially secure at the time of his death.

----------------------------------

THE MORAL?

Screw work. Play golf. You'll live longer and be better off in the end.

But some of us will still be playing with pennies or dollars!

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