German mogul kills self over financial meltdown

German Mogul Kills Financial Meltdown - Politics, Business, Civil, History - Posted: 8th Jan, 2009 - 2:50pm

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Business - European Economy
Post Date: 6th Jan, 2009 - 8:54pm / Post ID: #

German mogul kills self over financial meltdown

German mogul kills self over financial meltdown (AP)
European Business News

The Dec. 17, 1996 file photo shows Adolf Merckle in Dresden.  German billionaire Adolf Merckle has committed suicide after his business empire, which included interests ranging from drugs to cement, got into trouble in the global financial crisis, his family said Tuesday, Jan. 6, 2009.  (AP Photo/Matthias Rietschel)AP - German billionaire Adolf Merckle threw himself in front of a train after his business empire, which included interests ranging from VW cars to pharmaceuticals to cement, ran into trouble in the global financial crisis, his family said Tuesday.



Source: Yahoo! News: Business - European Economy

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7th Jan, 2009 - 5:00pm / Post ID: #

meltdown financial self kills mogul German

That is too bad. I wonder what was the reason really, that he was losing what he created, pride or because he owed a lot of money? Either way he leaves his crumbling empire for someone else to work out the mess.

QUOTE
German billionaire kills himself

German billionaire Adolf Merckle commits suicide after his business empire runs into trouble in the global economic slowdown.
Ref. Source 9


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Post Date: 7th Jan, 2009 - 5:36pm / Post ID: #

German mogul kills self over financial meltdown
A Friend

German mogul kills self over financial meltdown History & Civil Business Politics

I heard about this yesterday. I hope that his insurance ,if he had any, does not have a suicide clause or his family will get nothing.

Post Date: 8th Jan, 2009 - 12:14pm / Post ID: #

German mogul kills self over financial meltdown
A Friend

meltdown financial self kills mogul German

Wow all these big-time businessmen killing themselves. I just heard about this story yesterday:

Source 8

Successful real-estate agent kills himself

8th Jan, 2009 - 2:17pm / Post ID: #

meltdown financial self kills mogul German

When you ride on the backs of others your whole life to get what you want and then those backs break you try to walk on your own and then realize your own legs have suffered shrinkage and are unusable. That's probably how they feel. No money, no life worth living for.


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Post Date: 8th Jan, 2009 - 2:25pm / Post ID: #

German mogul kills self over financial meltdown
A Friend

German mogul kills self over financial meltdown

QUOTE (RedSonja @ 8-Jan 09, 9:17 AM)
When you ride on the backs of others your whole life to get what you want and then those backs break you try to walk on your own and then realize your own legs have suffered shrinkage and are unusable. That's probably how they feel. No money, no life worth living for.

That's a beautifully written and interesting perspective. I am curious as to what reasons a wealthy person would have to kill themself, although I can think of many.

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8th Jan, 2009 - 2:36pm / Post ID: #

German mogul kills self financial meltdown

What do most people kill themselves for? They don't want to face the music. You'll probably have to wait awhile to see what they dig up on this case before we know.


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8th Jan, 2009 - 2:50pm / Post ID: #

German mogul kills self financial meltdown Politics Business Civil & History

The news report says why he killed himself, "...ran into trouble in the global financial crisis". He was in trouble. It wasn't just because he wasn't making money. He probably was going to owe a lot of people and now the son of a female left his family to pull up his slack.


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