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#4 The Remarkable Life and Turbulent Times of Joseph P. Kennedy

Founders

NOTE

The Wealth of a Part-Time Job in the 1920s Entertainment Industry

Kennedy negotiated a salary of $2,000 a week and 100,000 fully paid shares of Path stock/nThe sale of Kennedy's Path stock netted him over $579,000 (over $7 million today)/nKennedy earned a combined annual salary of $208,000 in the 1920s while also negotiating to take over the KAO chain of theaters/nAs part of the KAO deal, Kennedy was given a two-year option to buy 75,000 shares of KAO stock for $21 and another unlimited expense account

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