Yesterday it was revealed that a hedge fund controlled by the Perot family is being forced to liquidate. Parkcentral Global Hub was worth $2.5 billion earlier this year; now it’s worth $1.5 billion. The rumor I’m hearing is that Ross Perot himself lost somewhere north of $200 million in the fund. Forbes recently put his worth at $5 billion, so that probably won’t change his vacation plans. But it still has to smart.
4 comments
Don’t worry, the Fed will bail him out.
If you want to read the full article click this link and then click then click the link to the story. It’s the same link but if the WSJ thinks you are coming directly from Google instead of Frontburner it will give you the full article instead of just the the brief part that it gives you as a preview and asks you to subscribe.
http://news.google.com/news?client=safari&rls=en-us&q=Perot%20Fund%20Liquidates%20as%20Debt%20Bets%20Turn%20Sour&ie=UTF-8&oe=UTF-8&um=1&sa=N&tab=wn
I don’t feel sorry for him. He has used his money to bully and meddle. He still has money and he’ll still meddle, but maybe he’ll do it less.
The Perots ‘bath’ is worth noting but closer to home, a friend of mine will not be getting her bonus this year…which is always 100% of her salary if (as has always been the case) she makes the business plan fiscal yadayada. Her salary? 37 million dollars. So I tried to console her that by not getting her 37 million dollar bonus, her salary was cut in half.
Ah, the 21rst century………….aka the Bush years.