Monday, November 28, 2011

"Asset Managers Claim $254 Million Powerball Jackpot "

A excellent plan, flawlessly executed.
From CNBC:

Three asset managers from Connecticut claimed a $254 million Powerball jackpot on Monday off a $1 ticket.
Gregg Skidmore, Brandon Lacoff and Tim Davidson came forward as trustees for The Putnam Avenue Family Trust, which they formed after Davidson bought the winning ticket at a Stamford gas station. At least two of them live in Greenwich, one of America's wealthiest towns and not far from the New York state border.
They will take the after-tax lump sum of nearly $104 million in cash. 

They say a significant portion will go to charity. 

Davidson bought the $1 quick-pick ticket for the Nov. 2 drawing at the Shippan Point Getty station in Stamford. It was the only ticket he bought. The winning numbers were 12-14-34-39-46, Powerball 36.
The jackpot was the largest ever won in Connecticut and the 12th biggest in Powerball history. 

The three men work at a small, startup asset management firm called Bell Asset Management in Greenwich. They appeared with their lawyer at a news conference and didn't say much....MORE
I have a collection of planning quotes from Patton, Eisenhower, Edison etc. Out of all of them I think this is my favorite:

Everyone has a plan - until they get punched in the face 
- Mike Tyson