Tuesday, January 29, 2008
A Look At Some of the Financial Losers
Great article over at NY Magazine. Think you took a hit this month? They took a look at the some of the biggest losers.
Cash of the Titans
You can’t lose a fortune unless you have it in the first place.
Published Jan 27, 2008
Wall Street moguls’ stock holdings in their own companies lost them a combined $842 billion since the frothy days of just last year. Who escaped the least scathed? Citigroup’s new CEO, Vikram Pandit, who didn’t get his shares until January 22.
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(Photo: Patrick McMullan)
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JAMES CAYNE, Formerly of Bear Stearns
Shares Owned: 5,658,591
Closing Price, 1/24: $87.74
52-Week High: $170.23
Value at High, in Millions: $963
Value on 1/24, in Million: $496
Loss, in Millions: $467
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(Photo: Patrick McMullan)
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LLOYD BLANKFEIN, Goldman Sachs
Shares Owned: 1,952,107
Closing Price, 1/24: $199.20
52-Week High: $250.70
Value at High, in Millions: $489
Value on 1/24, in Million: $389
Loss, in Millions: $100
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