Thursday, January 8, 2009

More Suicidal Shame

This time in Germany.

German billionaire Adolf Merckle has committed suicide after his business empire ran into trouble in the global economic slowdown.

He did lose big money.....

Mr Merckle ran up losses of about 400m euros (£363m;$535m) last year due to wrong-way bets on Volkswagen shares.

But considering......his wealth, estimated by Forbes magazine last year to be $9.2bn....It hardly seems to be sufficent motivation for suicide.

His family, which had reported him missing after he failed to return home, said in a statement: "Adolf Merckle lived and worked for his family and his firms."

Apparently losing money justified abandoning the family. Sad.