GREENVILLE, N.C. — East Carolina University in Greenville is getting $8 million from the estate of a retired high school home economics teacher who, with her husband, carefully invested their money, The News & Observer in Raleigh reported July 26.
Every month, Fred and Verona Joyner Langford spend $100 on shares in Carolina Telephone Co., which later was bought by Sprint.
When Fred Langford, a retired high school agriculture teachers, died in 1975, the couple was worth about $300,000, the newspaper said.
When Verona Joyner Langford died last year at the age of 85, the stock alone was worth $3 million.
“She was just a patient, long-term investor,” Edward T. Smith of Rocky Mount, investments vice president for Davenport & Co., told the newspaper.
For full story, go to The News & Observer.