Word: marketer
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Dates: during 1930-1939
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...days later, Bird pleaded guilty to hocking $160,000 worth of the railroad's bonds with four banks as collateral for personal loans. Flushed, but holding his handsome head high, Mr. Bird heard the prosecutor accuse him of living beyond his means, speculating in the market, and having a "hunger" for directorships. Then Bird's lawyer, George H. Cohen, rose to tell the story behind the crime. His story...
Then he met a broker named Drexel (now a fugitive) who got him into the stock market in a small way. In the summer of 1929 Drexel invited the Birds to a summer camp with no telephone. While they were there, Drexel told Bird's secretary that her employer wanted her to arrange a $10,000 loan from the bank. She used her power of attorney to obtain it and Drexel bought $100,000 worth of stock on margin in Bird's name. Before Bird could extricate himself, the crash had come and he was short...
...year) before income taxes to support his wife and four children. Mrs. Bird frequently did her own washing and the girls sometimes scrubbed floors and cooked. Their moderate-sized house was beautifully kept, but they drove a Ford. Finally the strain got too great. Thinking the market was going up, Viggo Bird embezzled...
...Pliny Fisk had pegged the Government bond market at 110. One day, he happened to be standing behind the late Edward H. Harriman on the floor of the Exchange when Harriman, who had gone heavily short, attempted to break the market by a sudden offer to sell $500,000 worth at 90. Fisk promptly accepted, offered to take all others...
When Harriman admitted he couldn't deliver, Fisk let him off for $50,000 but blandly extracted a promise that Harriman would try to compose his battle with J. P. Morgan Sr. over the Northern Pacific R.R., which was then depressing the market. Harriman was soon closeted with Morgan, and Pliny Fisk thereupon put every available dollar into the market. When peace was announced next morning, he had an overnight profit...