April 2003
Intermediate to advanced
304 pages
6h 54m
English
Content preview from Predators and Profits: 100+ Ways for Investors to Protect Their Nest Eggs
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Chapter 4. Jets, Parachutes, and Stealth Wealth: Pay for Performance or Pay for Plundering
“My father taught me that when you play poker and win a hand, put half in your pocket and walk away from the table.” | ||
| --Vincent Galluccio, former executive at bankrupt telecom group Metromedia Fiber Networks Inc., explaining to The Wall Street Journal in an article on August 12, 2002, how he made $27 million out of selling shares in the company, which later filed for bankruptcy protection | ||
In the summer of 2002, Edward Breen appeared poised to become a very rich man. The one-time varsity wrestler had gotten more than just a hero’s welcome from desperate investors when he took over as chairman and CEO of troubled conglomerate Tyco International. A rising share ...
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