Real estate CEO kills himself

A Chicago commercial real estate broker committed suicide in a Kane County wildlife preserve, police said Monday.

A maintenance worker discovered the body of Steven L. Good, 52, of Highland Park, Monday morning behind the wheel of his Jaguar parked in a lot at the Max McGraw Wildlife Preserve in East Dundee, said Kane County Sheriff's Department spokesman Lt. Pat Gengler.

Good had suffered a single gunshot wound to the head. Gengler said police recovered a weapon inside the car but he would not identify it. There was no note, Gengler said.

Investigators are not sure how long Good's body had been at the preserve or why he was in Kane County, Gengler said.

Last month during an industry forecast, Good said conditions in the commercial real estate market were very challenging. Investment activity in commercial space has slowed to a crawl because of tight commercial lending policies and the job market's contraction, he said.

Police are investigating what led to the suicide.

Good was chairman and CEO of Sheldon Good & Co., founded by his father, Sheldon Good, in 1965. Steven Good was largely responsible for the company's expansion as it became the largest real estate auction company in the nation.
from the Trib

1 comment:

Criminal Anarchy said...

German billionaire Adolf Merckle, one of the richest men in the world, committed suicide Monday after his business empire got into trouble in the wake of the international financial crisis, Merckle's family said Tuesday in a statement.

Merckle, 74, was hit by a train in the southwestern town of Ulm, police said.

His family said the economic crisis had "broken" Merckle.

He was number 94 on the Forbes list of the world's richest people. He had fallen from number 44 on the Forbes 2007 rich list as his fortune declined from $12.8 billion to $9.2 billion in 2008.

Merckle's business empire included interests as diverse as cement-maker HeidelbergCement and generic drug-maker Ratiopharm. But he lost hundreds of millions of dollars, including company capital, betting against Volkswagen stock last year.

The state government of Baden-Wuerttemberg rejected his petition for financial assistance, and he entered bailout talks with several German banks.

"The financial troubles of his companies, induced by the international financial crisis and the uncertainty and powerlessness to act independently which the financial problems brought about, broke the passionate family business man, and he took his own life," his family wrote in the news release.

An employee of Germany's railroad company found the body on the tracks at about 7 p.m. Monday and notified authorities. Merckle's family had already reported him missing earlier in the day after he walked out of the house and did not return. Authorities are currently conducting DNA tests to confirm his identity.

--from CNN