On one of the darkest days of the 1929 stockmarket crash, when almost every rumor was a libel, Broker Michael J. ("Mike") Meehan sauntered up to one of his partners, said cheerily: "Well, I understand I'm broke. Guess we'd better give all the boys in the office a two weeks' bonus to prove it."
Having pulled Radio Corp. of America to a high of $549 per share in the most spectacular pool operations of the New Era, Mike Meehan was certainly vulnerable when the great decline set in. How much of his fortune, once...
To continue reading:
or
Log-In
