Man Quits Job, Buys a Failing Company For $250,000: Earns $103 Million
Charles Coristine had a fabulous tenure at Morgan Stanley and spent two decades on Wall Street. He loved the pace of it, tracking the stock markets in the US and around the world. Finally, like everyone else, he faced burnout and needed a break from the fast-moving financial lifestyle. To keep his mind sane, he tried multiple options, including meditation, a vegetarian diet, and enrolling in an MBA program. Also Read: Toncoin Defies 41% Drop, Poised to Skyrocket to $7! However, none of them worked, and that is when he met an old friend who ran the snack company LesserEvil. His friend revealed that his business is dwindling and plans to shut shop in a year or two. That is when Coristine thought taking over his business would be a great idea and keep him occupied. In November 2011, he purchased LesserEvil for $250,000 and took over his friend’s failed snack business. Through luck and hard work, Coristine is now earning $103 million a year, according to documents reviewed by CNBC. Al...