Mike Merrill sold himself as a company with 100,000 shares at $1 each, allowing buyers to make life decisions for him. As of 2019, 805 investors own 11,823 shares. The Amsterdam Stock Exchange was the first in the world, and the most expensive stock is Berkshire Hathaway.
If you’re one of those people who thinks they know what’s best for others other than yourself, you need to buy a piece of Mike Merrill. No, Merrill is not a business, per se. He’s just a regular guy, but in 2008 Merrill came up with a unique money-making idea: selling himself as a company. At the age of 30, Merrill figuratively broke into stock – 100,000 of them, to be exact – and became the first person to go public. He set an initial offering price of $1 USD per share, and within days his friends and a few acquaintances bought 929 of his shares. Though Merrill has continued to remain his own majority shareholder, he has vowed to let buyers make life decisions for him, like what he should buy and even who he should date. It was all fun at first, but things got strained over time as investors squabbled over Merrill’s stock, piles of legal paperwork piled up, and his relationship became strained. However, Merrill has remained true to his commitment, continuing to base many of his life decisions on what shareholders want him to do. As of 2019, 805 investors from around the world own 11,823 shares of Mike Merrill.
Make the point:
When Wall Street opened in 1685, it was protected by a 12-foot (3.7 m) high wooden stockade that was intended to protect Dutch settlers from attacks by Native Americans and English settlers.
The most expensive stock in history is Berkshire Hathaway, which trades for over $315,000 USD per share, as of 2019.
The first stock exchange in the world was the Amsterdam Stock Exchange, opened in 1602 by the Dutch East India Co.
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