Today's Lesson - Why It's Better To Take It Easy At Work
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In 1923, at the Edgewater Beach Hotel in Chicago, 8 of the most powerful and wealthy men in the world are said to have gathered for a meeting. Together, they controlled more money than the US Treasury.
Among the 8 were:
Charles M. Schwab, the President of Bethlehem Steel, who later died a pauper after losing all his money in the Wall Street Crash.
Edward Hopson, President of Associated Gas & Electric, who later went insane.
Richard Whitney, later President of the New York Stock Exchange, who eventually served a prison term for embezzlement.
Arthur Cutten, a renowned wheat speculator, who died abroad penniless. He was under indictment for tax evasion at the time of his death.
Leon Fraser, later President of the Bank of International Settlements, who died from alleged suicide.
Jesse Livermore, a famous trader, financier and speculator who was known as the 'boy wonder' of Wall Street, who also later committed suicide.
Samuel Insull, Chairman of the Commonwealth Edison Company, who was later acquitted of mail fraud and anti-trust charges, and died in Paris, claiming to be a 'poor man'.
And Albert Fall, US President Warren Harding's Secretary of the Interior, who later spent some time in prison after being found guilty of accepting a bribe.
That same year (1923), golfer Gene Sarazen won the US PGA Championship. He lived a long life, passing away in Florida in 1999 at the age of 97. He had always been financially secure.
So, the morale of this story is - 'Scr.w work and play more golf!'.
Source (amended) www.snopes.com
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