Tuesday, June 19, 2012

Sad News: Decline and Fall of a Wall Street titan

He was making the rich richer at Lehman Brothers. He’d begun collecting European timepieces — and gotten himself a Porsche. He’d married his second wife and was well on his way to giving her everything her heart desired.

Charles Hopper was the portrait of a Wall Street star. Until the day in 2007 when he was driven out the door at Lehman.  The ouster was the beginning of the end for Hopper, kicking off a financial fall and an emotional ruin that provide a glimpse of the terrible legacy that lingers on, even among the wealthy, years after the economic crash.

On leafy Horseshoe Road in the Greenwich suburb of Cos Cob, past a cobblestone entry and behind whitewashed gates, Hopper left a stack of financial papers on his kitchen table and a note to his wife, Kathryn, on the couch on May 14. Then he went into the garage of his million-dollar home and hanged himself.

“It might have been a culmination of things,” Kathryn, 47, told The Post in a teary interview at their home last week in which she tried to understand what led her husband, who was 63, into such despair. “He was under tremendous financial pressure, and he felt aged out of his industry.”

Read more: http://www.nypost.com/p/news/local/fall_of_wall_street_titan_ycL1kNjADrPmJfqsDXT46J#ixzz1yH9uzDsc

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