Make TBO Your Home Page| Subscribe To The Paper| Advertise With Us| Contact Us| Login| Edit Profile| Register
TBO.com - Tampa Bay Online
Email
Print
CEOs Lose Value
ADVERTISEMENT
Published: November 17, 2008
NEW YORK - Here's something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Tracinda's Kirk Kerkorian, investor Carl Icahn and CBS' Sumner Redstone.
They are still plenty rich, but their losses - some on paper and others actually realized - illustrate how today's punishing market has spared few victims, with even big-name investors, corporate executives and hedge-fund titans watching their wealth evaporate.
"It's always hard to beat the market no matter who you are," said Robert Hansen, senior associate dean at Dartmouth's Tuck School of Business. "But when the ocean waters get that rough, it is hard for any boat to avoid getting swamped."
The Associated Press
Email
Print
ADVERTISEMENT
Advertisement
TBO.com - Tampa Bay Online ©2009 Media General Communications Holdings, LLC. A Media General company. Member Agreement | Privacy Statement | Work With Us
