From the NY Times: On Wall Street, the wheel of fortune can spin around and
around, from enormous cash bonuses and luxurious perks one year to the
unemployment line the next. Then there
is Fred Eckert, a onetime Goldman Sachs partner who soared as a star in
"vulture" investing in ailing companies. But in the turmoil of the
financial crisis, his business and wealth came crashing down. By 2011, he was
bankrupt, divorced and, for two months, in a coma.
Today, he is in better shape, earning $1 million a year from
a consulting job, although that expires next year. But most of his income is
dedicated to paying leftover debts — he says he is running at "break-even
at best" after expenses…
More? Turn to http://www.cnbc.com/id/100745326
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