In 1994 Wales left the university of Alabama and took a job at Chicago Options Associates, as Research Director. He left in 1996. I am still puzzled how he made enough money so as not to work again, having worked there less than two years, in a research capacity (rather than a trader).
What happened to Chicago Options Associates? The CEO was Michael Davis, who in that period was the subject of a lawsuit referenced here
http://www.state.il.us/court/opinions/appe...tml/1041110.htm http://www.state.il.us/court/opinions/supr.../may/102578.pdfI haven’t time to follow the details of the case yet, but it seems Davis was successfully sued for a large sum of money (then), nearly $1m, and tried by various means to avoid payment. Does anyone know the full story? I see Greg has followed this one in the past.
Chicago Options Associates, What’s the story?
