If Charles Peabody calculated that Jamie Dimon of JPMorgan Chase paid $106 a share for Bear Stearns stock, he does not belong in the finance world. Be careful of what you pick up on the internet. Nutty yarns like this stinker “look official” to newcomers but in fact have no substance.
You'll notice the details of Mr. Peabody's personal calculations were conveniently left out of this misguided and erroneous report. Why? It’s because there is absolutely no credible supporting documentation to sustain this $106 a share fairy tale.
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