Office humor item. "Food for Thought" (Older title).
Tycoons fate - Earliest example with Gene Sarazen. US, 1967.
Some of the world's greatest financiers
met in Chicago in 1923.
President of the largest independent steel company.
President of the largest gas company.
President of the New York Stock Exchange.
Greatest wheat speculator.
One of the President's Cabinet.
Greatest bear in Wall Street.
Head of the world's greatest monopoly.
President of the Bank of International Settlement.
They certainly should be considered the world's most successful men.
At least they had found the secret of making money.
Now, some 40 years later, where are these men?
1. The president of the largest independent steel company, Charles Schwab,
died a pauper. The last few years of his life he lived on borrowed money.
2. The president of the largest gas company, Howard Hopson, is now insane.
3. The president of the New York Stock Exchange, Richard Whitney, was released
from Sing Sing Prison.
4. The greatest wheat speculator, Arthur Cotton,
died abroad - insolvent.
5. The member of the President's Cabinet, Albert Fall, was
pardoned and released to die at home.
6. The greatest bear on Wall Street, Jesse Livermore died a suicide.
7. The head of the world's greatest monopoly, Ivar Kruger, the Match
King, died a suicide.
8. The president of the Bank of International Settlement shot himself.
The same year, 1923, the winner of several of the most important golf
championships, including the US Open and the P.G.A Tournament, was Gene Sarazen.
Today he is still going strong, still playing an excellent game of golf
and is solvent.
CONCLUSION: STOP WORRYING ABOUT YOUR BUSINESS AND GET OUT AND PLAY GOLF.
Published: The Pocono Record
(Stroudsburg, Pennsylvania), 21 Oct. 1967, p 4. Column: Light Side with
Gene Brown. No source information in column. Text suggest a 1963 origin.
Note: Charles Schwab was omitted from the upper list, and items 3 and 4
were switched on the second listing. I have corrected these, since for one
there is a good chance it was a transcription error at the newspaper. Entered
by DWV, 20 Jan. 2014.
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