Starting to fill in nicely
Steve Harvey's latest column of quirky bits
So last spring the Bev Hills billionaire bought 140.8 million shares in the automaker for $1 billion, or around $7.10 a share. On Monday, he sold 7.3 million shares at an average price of about $2.43. If he sold his entire stake at about that same price, he would have lost about $666 million, according to the NYT's Cyrus Sanati. That's just his latest shellacking - the NY Post reported a couple of weeks back - before Ford - that his stock fortune had plunged from a high of $16.6 billion to just $3.1 billion (besides Ford, he's taken huge hits at MGM Mirage and Delta Petroleum).
More by Mark Lacter:
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Recent stories on LA Observed:
Barry Diller's many paychecksSay hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
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