..years I spent working for you and if I could have them back, they would be like gold in my hands... as gold in my hands......Joe Vs the Volcano
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Original: 1/6/2009 2:29 PM
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Tuesday, January 06, 2009

This.Is.Pathetic.

 

I feel for the family, but this is a sad example of just how "of the world" some people have come. 

3 things I take issue with;

1) Suicide.

2) A billionaire asking for money.

3) Considering yourself financially "broken" because your net worth drops from 12 billion to 9 billion dollars.

Praise God for sending Christ. I cant imagine living in this world without him.

*********************************************************************

Story

(CNN) -- German billionaire Adolf Merckle, one of the richest men in the world, committed suicide Monday after his business empire got into trouble in the wake of the international financial crisis, Merckle's family said Tuesday in a statement.

Merckle, 74, was hit by a train in the southwestern town of Ulm, police said.

His family said the economic crisis had "broken" Merckle.

He was number 94 on the Forbes list of the world's richest people. He had fallen from number 44 on the Forbes 2007 rich list as his fortune declined from $12.8 billion to $9.2 billion in 2008.

Merckle's business empire included interests as diverse as cement-maker HeidelbergCement and generic drug-maker Ratiopharm. But he lost hundreds of millions of dollars, including company capital, betting against Volkswagen stock last year.

The state government of Baden-Wuerttemberg rejected his petition for financial assistance, and he entered bailout talks with several German banks.

"The financial troubles of his companies, induced by the international financial crisis and the uncertainty and powerlessness to act independently which the financial problems brought about, broke the passionate family business man, and he took his own life," his family wrote in the news release.

 

 Posted 1/6/2009 2:29 PM - 105 Views - 0 eProps - 1 Comment

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Visit thatcherpoe's Xanga Site!
What a sad story....

Glad you and Roxy got a lil vacation. That's so great. Did you see the arch? Where'd you guys move?

Christmas was pretty good. Headed to Iowa to see the family for a few days. I've been on break from school for a month now and it will be two by the time I head back. I'm not going stir crazy yet! I have used the time to watch all 4 seasons of Lost and now I'm hoping to do some fun reading.
Posted 1/8/2009 3:15 AM by thatcherpoe - reply


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