EE_
29th May 2015, 07:49 PM
Watch out when you're driving.
New York Investment Banker Jumps To His Death From Luxury Downtown Buildin
Tyler Durden's pictureSubmitted by Tyler Durden on 05/29/2015 20:13 -0400
Yesterday, New Yorkers walking by the Ocean Luxury Rental apartment building at 1 West St around 10:40am, were greeted with a gruesome sight: a 29-year-old man had just jumped to his death from the 24th floor.
According to initial reports, the man landed on a car that was driving toward the Battery Tunnel at the time. He was pronounced DOA at the scene.
Today, we learn that the tragic incident was merely the latest banker suicide, when according to the NY Post the still jumper was the latest in a long series of investment bankers who have decided to take their own life.
The 29-year-old man has been identified as Thomas J Hughes. The youngest of three brothers, Thomas was educated at the $52,000 a year Canterbury School in Milford, Connecticut and graduated with a degree in economics at Northwestern University where he was on the Varsity squash team before heading to Wall St and getting a job with Citibank
Most recently he was an associate at investment bank Moelis.
Hughes plunged from the 24th floor of the luxury Ocean apartment building at 1 West St. at about 10:40 a.m. and landed on a guardrail near the northbound Battery Park Underpass, narrowly missing a black SUV, in what appears to have been a premeditated suicide.
The man’s body was mangled by the impact, leaving one of the vehicle’s passengers horrified, witnesses said.
“I went outside, and the woman in the car was screaming, ‘I didn’t know where he came from!’ ” said Hans Peler, 48, a manager at the building’s parking garage. “It happened right in front of our guy who waves cars in with the flag. He was so shaken up, I told him to go home.”
A spokeswoman at Moelis & Company shared her condolences according to the Daily Mail: "We are saddened by the news of Tom's death and send our sincere condolences to his family and friends at this very sad time. "Tom was a talented and valued team member and a positive force in our firm. He will be greatly missed."
John Hughes, the father of the investment banker, said that he fears his son turned to drink and drugs to cope with the stress of work. He said Thomas had been under a ‘lot of pressure’ and that he even had to work on a recent holiday in the Bahamas, adding that his son was someone who "liked to work hard and liked to party" and feared that he found release in illegal drugs which turned him suicidal.
‘Thomas was a happy, jovial, successful, good looking, very sociable individual.
‘The only explanation is that I know he’s been working very hard and has been under a lot of pressure.
‘His work did not leave much time for enjoyment but that’s the nature of the assignment that he chose.
‘I also know that sometimes when one is in that environment you can turn to alcohol or other types of drugs...
‘...at a time when he was under stress he probably resorted to illegal drugs, causing this incredibly poor judgement, is probably the best I can say.
‘He must have had some problems that I was not privy to.’
Tourists in a nearby open-air bus that was stuck in traffic, saw more than they bargained for when the gruesome scene unfolded right in front of them. Then they quickly found their bearing and realized the tragedy would look perfect on their Instagram profile, and scrambled for their cellphones to snap pictures of the body, said workers at the building.
“The head hit the railing . . . Half his head is on one side of the railing, half on the other,” recalled Frank Rodriguez, 44, a handyman who was working nearby. “It’s never worth this . . . Life is too precious.”
Sources said the young banker had made several attempts to kill himself earlier in the morning, including cutting his wrists, before making the plunge.
The man — whom police did not immediately identify — was from a wealthy family in Westchester County, sources said. He had apparently become very successful on his own.
He owned his apartment in the 36-story Ocean complex, which overlooks The Battery and New York Harbor, and had just returned from a vacation in the Bahamas, sources said.
At this point we have lost count of how many bankers have taken their own lives in the past year, despite stocks rising to all time highs and an artificial "wealth effecting" environment which if nobody else, benefits the banker class. We dread to think what happens to New York's pavements once the central planners finally lose control.
http://www.zerohedge.com/news/2015-05-29/new-york-investment-banker-jumps-his-death-luxury-downtown-building
Hmmm?
American Express president Ed Gilligan dies at 55
By Jackie Wattles @CNNMoney
Ed Gilligan on Amex's push for innovation
American Express President Ed Gilligan died Friday morning after becoming seriously ill on a flight to New York, the company said.
Gilligan, who was 55, spent his entire 35-year career with American Express (AXP), starting as an intern and rising to one of the highest executive posts at the global bank. He is survived by his wife and four children.
"This is deeply painful and frankly unimaginable for all of us who had the great fortune to work with Ed, and benefit from his insights, leadership and enthusiasm," said Amex chairman and CEO Ken Chenault, who announced Gilligan's death in a letter to employees.
Chenault called Gilligan an "entrepreneurial spirit that has helped continually transform [American Express] through the years."
Gilligan joined the company in 1980 and worked his way up the ladder. He was named a vice president and the head of the company's business-to-business relations group in 2007. He also headed the company's business travel unit and then the international consumer card business and was appointed president in April 2013.
Foursquare co-founder Dennis Crowley, who worked with Amex executives on a partnership between the two companies, tweeted his reaction to the news.
"Super sad to learn about Ed Gilligan at AmEx. I got to know him thru 4SQ partnership. He was such a great person," Crowley tweeted.
Analysts at Keefe, Bruyette & Woods wrote in a memo to the firm's clients Friday that they saw Gilligan as being a likely successor to higher positions at American Express and "his absence obviously hurts," though the company has a "solid bench of executives."
An American Express spokesperson didn't have information about where the flight originated but she said other company executives were on the plane and it made an emergency landing before its scheduled New York arrival.
Chenault's letter said that more information would be available to employees next week.
CNNMoney (New York) May 29, 2015: 5:03 PM ET
New York Investment Banker Jumps To His Death From Luxury Downtown Buildin
Tyler Durden's pictureSubmitted by Tyler Durden on 05/29/2015 20:13 -0400
Yesterday, New Yorkers walking by the Ocean Luxury Rental apartment building at 1 West St around 10:40am, were greeted with a gruesome sight: a 29-year-old man had just jumped to his death from the 24th floor.
According to initial reports, the man landed on a car that was driving toward the Battery Tunnel at the time. He was pronounced DOA at the scene.
Today, we learn that the tragic incident was merely the latest banker suicide, when according to the NY Post the still jumper was the latest in a long series of investment bankers who have decided to take their own life.
The 29-year-old man has been identified as Thomas J Hughes. The youngest of three brothers, Thomas was educated at the $52,000 a year Canterbury School in Milford, Connecticut and graduated with a degree in economics at Northwestern University where he was on the Varsity squash team before heading to Wall St and getting a job with Citibank
Most recently he was an associate at investment bank Moelis.
Hughes plunged from the 24th floor of the luxury Ocean apartment building at 1 West St. at about 10:40 a.m. and landed on a guardrail near the northbound Battery Park Underpass, narrowly missing a black SUV, in what appears to have been a premeditated suicide.
The man’s body was mangled by the impact, leaving one of the vehicle’s passengers horrified, witnesses said.
“I went outside, and the woman in the car was screaming, ‘I didn’t know where he came from!’ ” said Hans Peler, 48, a manager at the building’s parking garage. “It happened right in front of our guy who waves cars in with the flag. He was so shaken up, I told him to go home.”
A spokeswoman at Moelis & Company shared her condolences according to the Daily Mail: "We are saddened by the news of Tom's death and send our sincere condolences to his family and friends at this very sad time. "Tom was a talented and valued team member and a positive force in our firm. He will be greatly missed."
John Hughes, the father of the investment banker, said that he fears his son turned to drink and drugs to cope with the stress of work. He said Thomas had been under a ‘lot of pressure’ and that he even had to work on a recent holiday in the Bahamas, adding that his son was someone who "liked to work hard and liked to party" and feared that he found release in illegal drugs which turned him suicidal.
‘Thomas was a happy, jovial, successful, good looking, very sociable individual.
‘The only explanation is that I know he’s been working very hard and has been under a lot of pressure.
‘His work did not leave much time for enjoyment but that’s the nature of the assignment that he chose.
‘I also know that sometimes when one is in that environment you can turn to alcohol or other types of drugs...
‘...at a time when he was under stress he probably resorted to illegal drugs, causing this incredibly poor judgement, is probably the best I can say.
‘He must have had some problems that I was not privy to.’
Tourists in a nearby open-air bus that was stuck in traffic, saw more than they bargained for when the gruesome scene unfolded right in front of them. Then they quickly found their bearing and realized the tragedy would look perfect on their Instagram profile, and scrambled for their cellphones to snap pictures of the body, said workers at the building.
“The head hit the railing . . . Half his head is on one side of the railing, half on the other,” recalled Frank Rodriguez, 44, a handyman who was working nearby. “It’s never worth this . . . Life is too precious.”
Sources said the young banker had made several attempts to kill himself earlier in the morning, including cutting his wrists, before making the plunge.
The man — whom police did not immediately identify — was from a wealthy family in Westchester County, sources said. He had apparently become very successful on his own.
He owned his apartment in the 36-story Ocean complex, which overlooks The Battery and New York Harbor, and had just returned from a vacation in the Bahamas, sources said.
At this point we have lost count of how many bankers have taken their own lives in the past year, despite stocks rising to all time highs and an artificial "wealth effecting" environment which if nobody else, benefits the banker class. We dread to think what happens to New York's pavements once the central planners finally lose control.
http://www.zerohedge.com/news/2015-05-29/new-york-investment-banker-jumps-his-death-luxury-downtown-building
Hmmm?
American Express president Ed Gilligan dies at 55
By Jackie Wattles @CNNMoney
Ed Gilligan on Amex's push for innovation
American Express President Ed Gilligan died Friday morning after becoming seriously ill on a flight to New York, the company said.
Gilligan, who was 55, spent his entire 35-year career with American Express (AXP), starting as an intern and rising to one of the highest executive posts at the global bank. He is survived by his wife and four children.
"This is deeply painful and frankly unimaginable for all of us who had the great fortune to work with Ed, and benefit from his insights, leadership and enthusiasm," said Amex chairman and CEO Ken Chenault, who announced Gilligan's death in a letter to employees.
Chenault called Gilligan an "entrepreneurial spirit that has helped continually transform [American Express] through the years."
Gilligan joined the company in 1980 and worked his way up the ladder. He was named a vice president and the head of the company's business-to-business relations group in 2007. He also headed the company's business travel unit and then the international consumer card business and was appointed president in April 2013.
Foursquare co-founder Dennis Crowley, who worked with Amex executives on a partnership between the two companies, tweeted his reaction to the news.
"Super sad to learn about Ed Gilligan at AmEx. I got to know him thru 4SQ partnership. He was such a great person," Crowley tweeted.
Analysts at Keefe, Bruyette & Woods wrote in a memo to the firm's clients Friday that they saw Gilligan as being a likely successor to higher positions at American Express and "his absence obviously hurts," though the company has a "solid bench of executives."
An American Express spokesperson didn't have information about where the flight originated but she said other company executives were on the plane and it made an emergency landing before its scheduled New York arrival.
Chenault's letter said that more information would be available to employees next week.
CNNMoney (New York) May 29, 2015: 5:03 PM ET