You just do not like the man, what if he stuttered, I bet you used to do mean things when you were young. If you have nothing good to say, say nothing at all.
OK, so now we've got irrational assumptions and clichés... I never said I didn't like him. Why are you assuming that I dislike him? I said that I think he was someone who was trying way too hard to appear intelligent. Why is that a problem for you? And what's stuttering got to do with anything?
My understanding is that McLarnin lost his portion of ring earnings through bad investments. He was not impoverished, but he had to go back to work as an employee afterward. As mentioned prviously in this thread, his manager Pop Foster had saved his portion and had no children so when he died he left his fortune to McLarnin. I think this may have been around 1956.
That's interesting. My understanding has always been that McLarnin was pretty canny with his earnings, and that Foster leaving him his lot was just the icing on an already quite large cake, but I could be wrong. Hadn't heard about McLarnin's dodgy investments, so I'll have to have another look into it. Thanks for the heads up. I have got a copy of 'Babyface Goes to Hollywood' somewhere, which might set the record straight, but I never got around to finishing it. Maybe now is the time to dust it off.....
Billy Petrolle retired during the height of the Depression with over $200,000. He never invested in the stock market. He established an iron foundry which did well during WWII with government contracts. He then retired, became bored, and purchased a religious goods store in 1949 to stay busy. He served on the board of directors in several organizations in the Duluth area, including a bank. Gene Tunney hasn't been mentioned. He retired after earning a payday of $990,000 for the Heeney fight and married wealthy heiress Polly Lauder. Floyd Patterson was well off due mostly to Cus D'Amato's shrewd negotiating at the beginning of the closed-circuit TV era.
Yes, double-check it and let me know. I'm pretty sure, but I'm not motivated enough to go over old ground. But I'm happy to have you do it!!
The same type of story for Bobo Olson. He made a lot of money as middleweight champion and entrusted it to his manager Sid Flaherty who one way or another lost it all.
