DAY 7: How Did Jim Murren Know?
Happy Birthday Jedi Joy!
February 12th, 2020: Jim Murren, CEO of MGM, abruptly resigns and sells 689,000 shares at $32.16 per share. Why did he quit? Last heard he had a plan to revitalize MGM. It was called #MGM2020. It involved selling off a number of properties in 2019 including the Bellagio, MGM, Circus Circus, Mandaly Bay & Delano. The sales of these properties earned MGM $8.6 Billion in cash. The plan was to use the cash to buy back stock, or as Gordon Gecko says : "FUCK EVERYBODY". Further, he is now BUYING shares at $9 per. Is there anyone working at Stock Watch?
Further, he now works for Steve Sisolak, the man who shut down Nevada for all commerce for 30 days and who caused this mess.
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Jedi Rich is a former CEO who transformed from a banker into a modern day independent music & film maker.
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