• A secretary bought three shares of her company's stock for $60 each in 1935.
• Grace Groner reinvested her dividends for 75 years, and her stake ballooned to $7.2 million.
• Her employer, Abbott, shared Groner's story in a recent website post.

A secretary paid $180 in 1935 for three shares of her employer's stock. By the time she died in 2010, her investment had mushroomed to $7.2 million.

Abbott, a pharmaceutical company, gave a shout-out to the former employee in a recent post on its website.

"As we celebrate 101 years of dividend payouts, we're remembering one of the earliest Abbott investing success stories, that of Grace Groner, who worked as a secretary at Abbott for over 40 years," the post reads.

"In 1935, Groner bought three shares of Abbott stock for $60 each. She consistently reinvested her dividend payments and quietly amassed a $7.2 million fortune. Groner passed away in 2010, at the age of 100, and it was only then that her multimillion-dollar estate was discovered."

She gifted her entire fortune to a foundation she'd established in support of her alma mater, Lake Forest College. She earmarked the money to finance internships, international study, and service projects for students.

Groner hung onto her Abbott shares for over 75 years without selling a single one, despite several stock splits, and used her dividends to bolster her stake.

She was likely able to leave her nest egg intact for so long because of her simple lifestyle. She lived in a one-bedroom house, bought her clothes at rummage sales, and didn't own a car, the Chicago Tribune reported in 2010.

Her shares would be worth north of $28 million today, excluding dividends, given that Abbott's stock price has roughly quadrupled since 2010. The drugmaker's market value has risen to around $200 billion, meaning it now rivals Disney, PepsiCo, and Morgan Stanley in size.

A federal appeals court on Wednesday ruled that Texas has the right to build a razor wire border wall to deter illegal immigration into the Lone Star State. 

Texas Gov. Greg Abbott announced the ruling on X, saying President Biden was "wrong to cut our razor wire." 

"We continue adding more razor wire border barrier," the Republican leader wrote. 

Wednesday’s 2-1 decision by the 5th U.S. Circuit Court of Appeals clears the way for Texas to pursue a lawsuit accusing the Biden administration of trespassing without having to remove the fencing.

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It also reversed a federal judge's November 2023 refusal to grant a preliminary injunction to Texas as the state resisted federal efforts to remove fencing along the Rio Grande in the vicinity of Eagle Pass, Texas.

Circuit Judge Kyle Duncan, a Trump appointee during the president-elect's first term, wrote for Wednesday's majority that Texas was trying only to safeguard its own property, not "regulate" U.S. Border Patrol, and was likely to succeed in its trespass claims.

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Duncan said the federal government waived its sovereign immunity and rejected its concerns that a ruling by Texas would impede the enforcement of immigration law and undermine the government's relationship with Mexico.

He said the public interest "supports clear protections for property rights from government intrusion and control" and ensuring that federal immigration law enforcement does not "unnecessarily intrude into the rights of countless property owners."

Republican Attorney General Ken Paxton called the ruling a "huge win for Texas." 

"The Biden Administration has been enjoined from damaging, destroying, or otherwise interfering with Texas’s border fencing," Paxton wrote in a post on X. "We sued immediately when the federal government was observed destroying fences to let illegal aliens enter, and we’ve fought every step of the way for Texas sovereignty and security."

The White House has been locked in legal battles with Texas and other states that have tried to deter illegal immigration. 

In May, the full 5th Circuit heard arguments in a separate case between Texas and the White House over whether the state can keep a 1,000-foot floating barrier on the Rio Grande.

The appeals court is also reviewing a judge's order blocking a Texas law that would allow state officials to arrest, prosecute and order the removal of people in the country illegally.