An Important History Lesson for Retirees
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>In 1923, who was:
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>1. President of the largest steel company?
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>2. President of the largest gas company?
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>3. President of the New York Stock Exchange?
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>4. Greatest wheat speculator?
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>5. President of the Bank of International Settlement?
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>6. Great Bear of Wall Street?
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>These men were considered some of the world's most
>successful of their day.
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>Now, 80 years later, the history book asks us, if we
>know what ultimately became of them.
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>The answers:
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>1. The president of the largest steel company, Charles
>Schwab, died a pauper.
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>2. The president of the largest gas company, Edward
>Hopson, went insane.
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>3. The president of the NYSE, Richard Whitney, was
>released from prison to die at home.
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>4. The greatest wheat speculator, Arthur Cooger, died
>abroad, penniless.
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>5. The president of the Bank of International
>Settlement, shot himself.
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>6. The Great Bear of Wall Street, Cosabee Livermore,
>also committed suicide.
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>However, in that same year, 1923, the PGA Champion and
>the winner of the most important golf tournament, the
>US Open, was Gene Sarazen.
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>What became of him?
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>He played golf until he was 92, died in 1999 at the
>age of 95. He was financially secure at the time of
>his death.
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>The moral: Screw work. Play golf!!
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>Trevor K. Brenner
>Lab Manager
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