Thursday, January 8, 2009

Outside My Window

From my friend, ER
“Where your treasure is, so shall your heart be also”.
Today, while reading The Wall Street Journal, I happened across page A9 which I have summarized below.

Kirk Stephenson age 47 Chief Operating Officer of Olivant which went down with the Lehman Brothers bankruptcy, drove to a rail station 30 miles from his house and waited for the express train. Yes, he stepped in front of the train to his death. Why? Because he loss all of his money.

Steven Good age 52 who produced more than $10 billion in sales recently. He was president of the company founded by his father in1965. Steven wrote the book how to get rich by building “churches and jails” and then he made billions doing it. Steven killed himself on Monday inside of his Jaguar due to financial losses.


Alex Widmer age 52 Chief Executive, Bank Julius Baer which is the leading bank for wealthy clients. The spokesperson basically said that the perfectly healthy Alex’s, sudden, unexplained death was not linked to the bank. Yeah right.


Thierry Magon de La Villejuchet age 65, his body was discovered with slashed wrists and sleeping pills on Dec 23rd sitting behind the desk in his New York office. His firm lost 1.5 billion in the Madoff scandal.


Adolf Merckle age 74 who inherited the family fortune in 1960 was worth $40 billion last year. He walked in front of a train this week and killed himself. According to his family it was due to: “the distress to firms caused by the financial crisis and the related uncertainties of recent weeks . . . “.

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