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Price-Choppers

This week, the Wall Street Journal chronicles the price-chopping saga of a gaudy, unsold manse on Northside Drive that formerly belonged to the Atlanta CEO of a mortgage company. When the CEO split for the Virgin Islands two years ago, the company bought out his own mortgage for $6.4 million — significantly more than the current $5.8 million price. "By many available measures, the company paid too much," the newspaper reports, "and two years later, shareholders are paying the price." [WSJ]