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Integrity Moments - June 11, 2010

  • 2010 Jun 11


Hedge Fund Heroes 
by Rick Boxx
June 11, 2010

Bonnie Hoxie, an executive assistant for the Walt Disney Co., and her boyfriend, allegedly decided to use inside information available to them to make some extra money. According to the Wall Street Journal, they sent a letter to dozens of investment companies offering Disney's quarterly earnings report before its release.

Ms. Hoxie's plan was foiled because several hedge funds reported her scheme to the Securities Exchange Commission. It was encouraging to learn that instead of letting greed drive their decisions these hedge funds did the right thing.

In Luke 12:15 Jesus said, "Watch out! Be on your guard against all kinds of greed; a man's life does not consist in the abundance of his possessions."

Isn't it refreshing to know that Wall Street still has some who are on guard against greed?

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