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They mentioned that he is divorced. Depending on how the judgements/settlements fall out, it can be pretty disastrous for your finances.
by 2mur 13y ago
They mentioned that he is divorced. Depending on how the judgements/settlements fall out, it can be pretty disastrous for your finances.
- greenyoda 13y agoAnd he could have had kids, which are expensive to raise and send through college.
- VladRussian2 13y agofrom previous article in 2009: http://www.nytimes.com/2009/08/30/fashion/30genb.html?pagewanted=all http://www.nytimes.com/2009/08/30/fashion/30genb.html?pagewa... MICHAEL BLATTMAN, 58, took a prudent path to a successful business career. Armed with an M.B.A., he started with the federal government, working at the General Accounting Office and Federal Reserve, before moving to the Sallie Mae student loan program, where he rose to be director of national sales. From 2001 to 2008 he was a senior vice president for a private student-loan company and at his high point earned $225,000 a year in salary and bonuses, he says. He also taught business courses at the University of Maryland; lived in a 4,000-square-foot home in upscale Potomac, Md., and drove a Mercedes. And then, in short order, this stable life came undone. When his younger of two children was almost ready for college, Mr. Blattman asked his wife of 25 years for a divorce. “We’d just grown apart, we had a different opinion on mostly everything,” he says. “Life is short — you got to do what makes you happy.” Since he worked out of his home, he could live anywhere, and decided Florida would be the place to start over. ...