Not a Penny More, Not a Penny Less23 Oct 2020 13:12
Not a Penny More, Not a Penny Less
Metcalfe, a Polish immigrant to the United States, rises from messenger boy to corporate magnate, combining business skills with little loyalty and much ruthlessness. By the 1960s, he is a multi-millionaire.
Taking advantage of a British decision to allow companies to claim North Sea drilling rights with little money down, Metcalfe creates Prospecta Oil, a paper company designed to look good and bring in investors to be left when the bottom drops out.
Metcalfe's agents hire David Kesler, a Harvard MBA who talks up the company to the four protagonists, and they buy stock. But Harvey (indirectly) sells out at the top of the market, the stock crashes, and the four are left with major losses.
I hope Alessandro isn’t Metcalfe