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Credit Crunch Banker Leaps to His Death in Front of Express Train


Business  (tags: Bradford & Bingley, England, Wall Street Crisis, Business News )

Blue
- 3824 days ago - dailymail.co.uk
Mr Stephenson is believed to have taken his own life after succumbing to mounting personal pressures as the world's financial markets went into meltdown.



   

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Blue Bunting (855)
Monday September 29, 2008, 6:51 pm
The City was in shock last night after the apparent suicide of a millionaire financier haunted by the pressures of dealing with the credit crunch.

Kirk Stephenson, who was married with an eight-year-old son, died in the path of a 100mph express train at Taplow railway station, Berkshire.

Mr Stephenson is believed to have taken his own life after succumbing to mounting personal pressures as the world’s financial markets went into meltdown.

The death of the respected 47-year-old City figure evokes memories of the 1929 Wall Street crash in America and comes as:

• Bradford & Bingley teeters on the brink of nationalisation after a dramatic share price slump.

• David Cameron faced embarrassment on the eve of the Tory conference after members of a secretive club of Conservative donors were linked to the ‘short-selling’ of Bradford & Bingley.

• Gordon Brown was wrongfooted by Shadow Chancellor George Osborne, who announced plans to set up an independent watchdog to police the Treasury and strip it of key powers if the Conservatives win the next Election.

New Zealand-born Mr Stephenson, who owned a £3.6million, five-storey house in Chelsea and a retreat in the West Country, was chief operating officer of Olivant Advisers.

Last year, the private equity firm tried to buy a 15 per cent stake worth almost £1billion in Northern Rock before the bank was nationalised, bidding against Virgin boss Sir Richard Branson.
 

Past Member (0)
Monday September 29, 2008, 6:57 pm
black monday 87 had a suicide or two also -pretty sad when you think your only worth is money and all things that revolve around it -i know his eight year old would say that isn't so -how very, very sad for the ones he left behind.
 

Eric Tranter (1)
Tuesday September 30, 2008, 3:19 am
Was he one of these very clever people who thought-up the schemes that have now brought him and others low? and for which we,the people,will have to pay? At least in the UK his family will, if need be,have access to our State Benefits System paid for out of the National Insurance Contributions of the millions of people who will also foot the bill for this mess!
 

Sheryl G (359)
Tuesday September 30, 2008, 4:23 am
I agree with Mae...we have been led down this road that our only worth is by how much money we have and the material things we own. We can take none of it to our grave. I'm sure if he moved into a more modest home like many of us live in and learned to live a little different like the way most of us have to live his son would of had at least his Father. He doesn't have his millions now so what of been the differance...at least he would have Life and his son a Father.
 
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