Charles Hopper, Ex-Lehman Brothers Exec, Commits Suicide In Face Of Financial Distress

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Charles Hopper, Ex-Lehman Brothers Exec, Commits Suicide In Face Of Financial Distress

Charles Hopper, Ex-Lehman Brothers Exec, Commits Suicide In Face Of Financial Distress

HuffPo-

Charles Hopper — 63 years old and facing mounting financial troubles — hanged himself in the garage of his Connecticut home last month. But five years earlier, before desperation drove him to that point, he’d been an executive at Lehman Brothers earning seven figures a year.

Hopper’s fall from grace — as revealed in a detailed New York Post feature this week — is just one in a long series of tragic outcomes that can be traced back to the financial crisis.

Hopper had been a hedge fund advisory executive at Lehman, but he lost his job in 2007, about a year before that firm filed for bankruptcy and triggered the bank panic of 2008. Hopper struggled to find work for two years, eventually landing a job at Appomattox Advisory that paid $150,000. He was underwater on his mortgage and had borrowed and spent a little too freely during the good years — for himself, pricey watches and a Porsche; for his wife, whatever she wanted, it seems, including cameras, sculling lessons and graduate school courses.

[HUFFINGTON POST]

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One Response to “Charles Hopper, Ex-Lehman Brothers Exec, Commits Suicide In Face Of Financial Distress”

  1. Ken Hansen says:

    This is tragic. This crisis has had many victims – too many.
    Financial troubles, even money in general, has little value compared to life. Never give up.

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