German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday.
The media-shy billionaire, whose family controls some of Germany's best-known companies, was hit by a train on Monday evening, local officials said.
"The desperate situation of his companies caused by the financial crisis, the uncertainties of the last few weeks and his powerlessness to act, have broken the passionate family entrepreneur and he took his own life," a family statement said.
State prosecutors from the southern city of Ulm said Merckle, 74, left work on Monday and died after being hit by a train near the town of Blaubeuren. He left behind a suicide note to his family, they added.
What does that teach you, kiddies? That's right: leverage kills. And extreme leverage kills extremely. Now you might ask yourself why Dick Fuld and Vikram Pandit haven't killed themselves. Silly kids, that's because they are Americans. When rich Americans screw up, the taxpayers bail them out.
Greenspan's Body Count now stands at seventy-one:
Dallas Dwayne Carter
Lt. Michael Howe
Palmer C. White
Dianne Pittman White
Edwin F. Rachleff
Scott M. Coles
Dawn E. Armstrong
Jonathon Calvin "40-Cal" Jacques
Little Boy X
Little Girl X
Rufus Shaw Jr.
Lynn Flint Shaw