Gatsby 2.0

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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.