Rogers weve had 29yearolds making 1 million a year, expecting to make 2 million the year after that. Diana ferry but if youve got plastic money, theres Nothing Holding you back. History will prove the bakkers were honest people. Reporter Insider Trading could become wall streets watergate. Pauley what do we call greed the day before an indictment . Im afraid recently, weve called it success. Robinson the u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising while our standard of living is declining. Thomas there was tremendous inflation and not much growth. The country was not in a Great Depression in 1980, but the United States was in the dumps. Dobyns on wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside, either. The tickers carried almost nothing but bad news. Mclean wed come off a terrible decade for investing. Peopl
what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally from the
even here, wall street is in charge. wall street being a parrot green, as in money. he reigns over an entry foyer that runs the entire length of the house, and at the end of that long foyer, we find this morning boone pickens. good morning, sir. how are you? good morning, harry. why don t we go ahead and head into the trophy room, if you don t mind? sure. nocera: t. boone pickens was a texas oilman who became the original corporate raider. he would buy a bunch of stock in the company, talk about how the executives needed to be tossed out, and make a play to take over the company. rodriguez: pickens company, mesa petroleum, which is only 1/20th the size of phillips, moves first by buying 5.8% of the stock privately. now pickens lets it be known that he wants to buy another 15% from the shareholders and thus gain a seat on the corporate board. there s one thing i want to put in place, is that stockholders own companies and managements are employees. stahl: phillips agreed to buy back
green as in money. he reigns over an entry foyer that runs the entire length of the house. and at the end of that long foyer, we find this morning boone pickens. good morning, sir, how are you? good morning, harry. why don t we go ahead and head into the trophy room, if you don t mind? sure. t. boone pickens was a texas oilman who became the original corporate raider. he would buy a bunch of stock in a company, talk about how the executives needed to be tossed out, and make a play to take over the company. the company is only 1/20th the size of phillips, buys 5.8% of the stock privately. now pickens lets it be known that he wants to buy another 15% from the shareholders and gain a seat on the corporate board. there s one thing i want to put in place is that stockholders own companies and management is employees. phillips agreed to buy back its stock from t. boone pickens to stop his takeover bid. the profit to pickens and his