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Nixon sold stock to Fisher's Island for double value in 1969
Newsday reports that upon taking office Nixon sold 185 891 shares of his Florida stock to Fisher's Island Inc for $2 a share while others bought at $1. The firm was led by Rebozo and Smathers who aided his Florida holdings and declared assets. Nixon faced other Florida investments including Cape Florida lots and Key Biscayne property. Birch Bayh said he would not pursue the 1972 Democratic nomination due to his wife's health.
MENTIONED IN THIS ARTICLE
Garden City
N.Y
Newsday
Nixon
Florida
Long Island
Charles G. “Bebe” Rebozo
Fisher's Island, Inc
George A. Smathers
D-Fla
Miami
Biscayne Bay
Rebozo
Smathers
Cape Florida
Key BisCayne
Reboze
Indiana
Birch Bayh
Washington