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      03-21-2009, 03:45 AM   #1
wj4
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From a CEO to being a pizza delivery boy.

What a downer. I'm hoping he can pull it back up as time goes by, for the sake of his kids.

http://cosmos.bcst.yahoo.com/up/play...26720&src=news
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      03-21-2009, 09:05 AM   #2
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hahaha i watched this last night on yahoo, i couldnt stop laughing, he was a fool about his investments
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      03-21-2009, 09:12 AM   #3
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Honestly, I grew up in a neighborhood where a lot of people made $750k a year... and none of them had houses like that. Owing $100k on credit cards? That guy is just an idiot. I respect his humility for being a pizza boy though.
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      03-21-2009, 09:24 AM   #4
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Savings savings savings.
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      03-21-2009, 11:44 AM   #5
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Quote:
Originally Posted by Sara504 View Post
Savings savings savings.
the guy had savings... his business just failed and he had ridiculous debt.
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      03-21-2009, 11:54 AM   #6
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i read this on yahoo and was shocked
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      03-21-2009, 01:56 PM   #7
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thats sad
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      03-21-2009, 02:01 PM   #8
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It's always sad to hear about things like that. It's scary how life can change so much and so quickly. I hope he will turn things around soon.
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      03-21-2009, 02:17 PM   #9
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Very sad to watch...I hope things turn around for them!
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      03-21-2009, 02:19 PM   #10
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Yikes. That's really too bad...
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      03-21-2009, 02:38 PM   #11
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So he has no other skills? That = fail.
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      03-21-2009, 02:43 PM   #12
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Wow, that's the stupidest thing I've ever seen. Him and the reporter should both be shot.
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      03-21-2009, 02:55 PM   #13
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Quote:
Originally Posted by MDCTFTW View Post
So he has no other skills? That = fail.
maybe but do you realize how hard it is to find another well paying job in todays economy?
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      03-21-2009, 03:05 PM   #14
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2 years and still keeping that mansion...

FAILED.
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      03-21-2009, 03:37 PM   #15
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This reminds me of Eric Cartman when he bought that theme park. Coincidentally this guys last name is Cartman aswell.
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      03-21-2009, 03:38 PM   #16
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At least he had the humility to get another job for his families sake.

I know guys making $60,000 who wouldn't stoop down to a pizza guy job because of pride.
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      03-21-2009, 03:39 PM   #17
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My uncle owns over ten homes and they're worth over 10 million dollars in total. His main job pays over 30 dollars an hour but he still sometimes works on the weekend delivering for restaurants. He never owned a luxury car in his life and as far I remember, his first import car was a Corolla and he drove it till it complete rusted big time and the car he is driving right now is a used last generation Camry V6. Sometimes you just have to save money to make money. Just common sense.
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      03-21-2009, 03:50 PM   #18
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Quote:
Originally Posted by BrianDesigns View Post
This reminds me of Eric Cartman when he bought that theme park. Coincidentally this guys last name is Cartman aswell.
Umm...this guy's name was something like Karpman I believe.
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      03-21-2009, 03:59 PM   #19
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Quote:
Originally Posted by NewSong View Post
At least he had the humility to get another job for his families sake.

I know guys making $60,000 who wouldn't stoop down to a pizza guy job because of pride.
+1. I give him big props for swallowing his pride and getting a job, regardless of what it was. Most guys would commit suicide if they were to lose their good paying job, it's been documented. I read a research conducted by a professor in my university and most guys said that they can't take the feeling of losing the house, cars, etc., basically everything they worked for.

I'm surprised that he would put all of his eggs in one basket, being in the profession he was in and all.

He's not by himself though, a lot of people are living way outside of their mean. Like one of my neighbors...he was stressing about being short on money a couple of months ago and 3-4 days ago he got a new M6. This car is the 4th one in the household and it hasn't moved since the day he brought it home. Hell take this board for example...one day you see a "check out my new rims" thread, 2 weeks later you see a "hey guys I'm about to lose my job, I need someone to assume my lease" being posted.
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      03-21-2009, 04:00 PM   #20
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atleast his wife didnt leave him...or did she? 0_o
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      03-21-2009, 05:57 PM   #21
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Quote:
Originally Posted by ejazbmw View Post
maybe but do you realize how hard it is to find another well paying job in todays economy?
Someone with his expertise could surely do better than $7/hr. How about high school econ teacher? Or perhaps this is a media stunt.

And why is he still in that same house? I guess I can see why his hedge fund failed ... he's not good with money.
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      03-21-2009, 06:08 PM   #22
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doesn't matter how much you make, you should always save 20% of your income and have an emergency fund(atleast 6 months of bills worth)
This guy lived well beyond his means and is paying the price now, hopefully he will learn a lesson from all this. I wouldn't own a house like that unless I had enough to pay the house off in cash and enough to retire on comfortably.(3-5 million)
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