Well Known Ceo’s hurt by market movement. By Kush 5

 

In the midst of all of the economy crisis that the U.S. is experiencing, the first to be affected by the hit would be some of our most famous investors such as Warren Buffett, Kirk Kerkorian, Sumner Redstone, and Carl Icahn.  These famous investors have fell to the wrath of the recent market actions;  they have experienced  losses placed in the billions not only because of the despaired market but due to just their bad timing of purchasing stock and bought loans.   

The Standard & Poor’s 500 index (which is used as a measure for broad markets) too is being hit by the economies status with a 36% decrease since January, with this being said its silly to imagine that some people have answers to how to react to the market.  

 

There has also been a 49% decrease in the average year to date for corporate stock holdings of CEO’s in 175 of U.S.’s largest companies.  CEO’s have been loosing stake equity’s in there companies in relation to the plunging of the market naming Buffett first who has seen the value of equity in Berkshire and Hathaway fall 22%  which amounts to about $13.6 billion thus leaving him with a holding of $48.1 billion.