On Wed, 5 Nov 2003, Carl Remick wrote:

> Boffo stuff, but what's the upshot?  Is Dr. S. on food stamps now or what?

Does that ever happen to rich guys?  I remember when Donald Trump was $300
mln in the hole in the 80s.  It never seemed to bother him so much as
being $1000 in the hole bothered me at the time.  You never see guys like
that on the unemployment line.

Still, it does seem like Scholes lost the entire $300 mln he invested in
LTCM and now he's at least partially in hock for this $40 mln debt to the
IRS.  Even if his wife can pay it off out of savings, it must have caused
at least a little cloud to pass across his summer's day.

But I wouldn't be surprised if it was the humiliation of both events that
really stung him.

Michael

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