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After World War I, He Took A Job With A Parcel Delivery Company. He Bought Company Stock Every Year. He Retired From UPS In 1952 And Said He Never Made More Than $14,000 A Year. 39 Years Later Theodore Johnson’s Fortune Was An Estimated $70 Million
Source: 247wallst.com
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The article contrasts Theodore Johnson’s fortune-building habit on a modest salary with the losses suffered by Enron and Lehman workers who relied on the same strategy. It highlights the risk of concentrating retirement savings in an employer’s stock; the excerpt provides no figures or further details.
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