Tuesday, January 13, 2009

Billionaire and Suicide


Story in NYT today by Carter Dougherty. Very comprehensive.




http://www.nytimes.com/2009/01/13/business/worldbusiness/13merckle.html?ref=business

"...delved into debt and complicated financial transactions to lighten his tax burden and enrich his empire."

"...Had worked 'superbly' before the crash."

"..snared in a short squeeze after betting that shares in Volkswagen ... would fail."


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