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I heard the exact same story in a Wall St. trading firm I worked for - except the story was about a trade gone wrong (trades X shares instead of $X worth of shares, causing the Dow to slide and all sorts of havok).

It just sounds like an anecdote someone would use during a talk.

There's a pretty credible one about AOL's board not firing Steve Case after spending $5 million on him. (For those who have forgotten, Steve didn't actually found AOL; he was brought in from the outside.)