Quote:
Originally Posted by MandoMan
Family owned bank. 53% market share in the community. The bank most likely to be used when buying a house here. Large, local, and you can talk to real people.
The three Morse siblings are in their mid to late sixties, right? It wasn’t easy to find a really talented family member to run the bank. Why not accept an offer of $711 MILLION? They’ve put their lives into this place. Time to cash out, a bit at a time. Thinking of retiring. They’ve earned it. I’m grateful for their hard work.
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Interesting to see who is responding to this thread with a "hey they have the right to cash out" or "it's not surprising." Not just you, but everyone who seems to have this perception or attitude toward the news.
It's interesting, because the concern had come up in previous threads, about what would The Villages do if the Morse family decided they no longer wanted to run the place.
The response was incredibly aggressive toward people who questioned it, saying it wouldn't ever happen, the family is making millions so they'd never cash out, they're successful and love what they do and would never sell...
And here they are, selling off bits and pieces.
I guess those of us who actually thought to ask about it, were right to ask, and the ones who insisted it wouldn't happen, were - sucked in by the kool-aid and now the sugar high is starting to wear off.