From today’s Wall Street Journal:
“The margin calls hit some chief executives who had borrowed to buy company stock. These included Chesapeake Energy Corp. Chief Executive Aubrey K. McClendon, who was forced to sell nearly his entire stake in the company, which he had accumulated in recent years, including a $43 million purchase in July. “These involuntary and unexpected sales were precipitated by the extraordinary circumstances of the world-wide financial crisis,” Mr. McClendon said in a statement. “In no way do these sales reflect my view of the company’s financial position or my view of Chesapeake’s future performance potential.””
4 thoughts on “Gatsby 2.0”
But something tells me that we won’t be seeing him saying “Welcome to Walmart” or “Paper or plastic?” any time soon.
I was thinking a more Fitzgeraldian end (alcohol) or its modern equivalent (evangelical Christianity).
I used to have that game. I can’t remember the name of it but it used to give me panic attacks.