AT&T Is Said to Be Near Deal for BellSouth - New York Times
What an amazing industry this has been and a wild ride for shareownwers! How is it even conceivable that folks who owned a share of the original ATT before the breakup of the Bell System in 1984 and has continued to reinvest dividends and never sold could ever determine the 'original cost' of that investment? Yet, if they chose to sell any of the resulting shares, they would be required to do so to determine the capital gains/losses after nearly three decades of changes.
I suppose there's a web site out their somewhere that has tracked all the changes. Certainly the financial industry knows, but pity the poor, self-directed investor.
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