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Cohiba cigars or Koons's inflatable flowers, vintage claret or worthless stock.
Canceled or shrunken bonuses and worthless stock options might also be factors, they said.
They are the people who will end up owning worthless stock.
· Scrap worthless stock, or sell it and get tax relief on the loss.
There are glittering chandeliers and sleek black chairs, but old (and now worthless) stock certificates decorate the bathroom.
He said: "Killinger pocketed tens of millions of dollars from WaMu, while investors were left with worthless stock".
WORTHLESS STOCK -- In the market tumble last year, the value of some stocks fell all the way to zero.
1298, made provision for an exemption from tax in the case of specified loan transactions, worthless stock and obligations, and transfers between certain revocable trusts.
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They all made fortunes while the share prices plummeted, leaving everyone else with worthless stocks.
"Why do you want to wipe out our savings accounts and promise us worthless stocks in return?" he asked.
Taleb suggests turning all debt to equity — the dot.com equity bubble resulted in worthless stocks, but didn't leave us all indebted.
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