No. of Recommendations: 4
The dot com crash of 2000 and the credit crunch etc. of 2008 gave rise to many of these stories.

I had nothing that caused real personal hardship, though I did have some free shares with my employer, Morse plc.

They floated in 1999 at £2.50, got up as far as about £8 in March 2000, then went relentlessly downhill as far as (I think) about 5p per share before being taken over.

My share options were worth about £200K on paper at one time (when I was tied in and couldn't sell). I eventually managed to sell some for about £10K, and I was one of the lucky ones.

Similarly, working in the Scottish banking industry I heard of many colleagues who had both job and life savings in the likes of RBS and saw both disappear from under their feet.

Print the post  


Closure of the UK Discussion Boards
The UK Discussion Boards are now closed to new posts.