The home of David Kellermann
David Kellerman the acting CFO (Chief Finical Officer) of Freddie Mac hung himself today in his home, and was found dead just this morning. The question of why he would kill himself could be answered in one of two ways: either he had an enormously guiltily conscious, or he was under an abnormally huge degree of stress. Either, way we can see the damage that can be done to a man physiological when they are involved in such a catastrophic, whether he was at fault or not; he was suffering the consequences of losing so much of this countries money.
It is certainly awfully hard for me to believe that this man was not involved in some crucial decisions that led to the collapse of Freddie Mac being that before he took over as acting CFO he was a senior vice-president and led the company’s accounting and finance operations.
Freddie Mac CFO David Kellermann
According to the guardian.co.uk
At least six other financial services executives have committed suicide under stress from the current credit crisis. Those include Germany’s fifth richest man, Adolf Merckle, who in January threw himself under a train in an act his family blamed on his company’s “desperate situation”. In December, a French fund manager who had lost $1.4bn of clients’ money to Bernard Madoff’s ponzi scheme was found dead at his desk in New York.
While I do not know the hearts of these people these people are examples of the damage money can do to a person. Just because you have money does not mean you are well off. Money is only good if it does not come with undue stress and comes ethically, ultimately for these people that was not the case and they had to pay the ultimately price for their money.