Handsome Devil

In 1899 companies were crazy.

This man, James Hazen Hyde, inherited the Equitable Life Insurance Company from his dad when he was 23.  The company had $400 million in assets.

A few years later he threw a crazy costume party.  J. P. Morgan and some other tricksters claimed he’d charged the party to the company, which I guess wasn’t true.  Hyde lost his job, and the tricksters got their  hands on the company themselves.

I hope he didn’t lose his good looks, though.

(Learned that from here and here and here).

 



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s