© 2010 by Chuck Shepherd. All rights reserved.
Questionable Judgments
* A recent epiphany caused millionaire Austrian businessman Karl Rabeder, 47, to be depressed about his wealth, and by February, he was in the process of giving it away--an estate worth the equivalent of about $5 million. Two luxury properties are for sale, with proceeds going to charities he established in Central and South America, and he plans to move into a small hut in Innsbruck.
"Money is counterproductive," he told a reporter. "I had the feeling I was working as a slave for things that I did not wish or need."
(According to London's Daily Telegraph, Rabeder's wife was with him at the time of the epiphany, but the story curiously is silent about her view of his decision.) [Daily Telegraph (London), 2-8-10]
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