Shares of Super Yacht Company YCO Plunge
Over the past few years, investors have poured millions of British pounds into super yacht firm YCO, believing that the company was a safe place for their money in the tempestuous economic era. It’s no surprise they felt that way: YCO boasts impressive clients such as billionaires like Roman Abramovich, the Russian businessman who owns the Chelsea Football Club, and British businessman Sir Philip Green.
But in just four years, YCO shares have dropped by 94 percent, staggering down from 49p to just 3p. And although the company has been faced with a tremendous plunge in value, the boardroom pay has risen.
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Abramovich’s yacht ‘Eclipse,’ PA via AOL
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