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by gce65 January 24, 2009 1:27 AM EST
I have to sympathise with most of the other commenters on here. So an exec gets laid off, he''s just joining many other non-execs laid off before him. Is this the TV news version of what poor is supposed to be? At least this guy and his (now-working) wife HAVE a house...and cars...and laptop computers for their kids to do homework with on their granite countertops. Get real!
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by debinok1 January 24, 2009 1:27 AM EST
Somehow I just cannot summon the sympathy for him they seem to think I should. He had a good job, good enough that his wife could be a stay at home mom. When most families have both parents working at least one job full time and usually one working an extra part time job just to make ends meet. Single parents working two full time jobs. Nope no sympathy for this hack that is at least partly responsible for the financial mess we are all in.
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by veraxi January 24, 2009 1:12 AM EST
I agree with most of the comments made here, the family should understand that they were living super well and now, because of the wrong her husband did, knowingly or not, they need to cut back and even move.

Not so sure if CBS wanted to expose them or make us feel sorry for them, but the overall tone of having the woman have to go back to work for a job that pays at least 60k/year is made it sound like it was major blue collar work at slave wages. It could have been said/written better stating that "she gets paid better than the mean for NJ but at a fraction...etc."

CBS needs better writing addressing issues sensitive to people and not "glamorize" how the upper crust is ''suffering''.
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by batai37 January 24, 2009 1:11 AM EST
I can''t make up my mind...was this a schadenfreude piece or a genuine attempt at eliciting sympathy?

Either way, it was a waste of air time and bandwidth.

There are plenty of real working people out there in a lot worse shape who didn''t get nice severance packages when they lost their jobs. Too many of those who still have a job can''t save anything because their wages have essentially stagnated, while people like this schlep made out like bandits during the good times and apparently didn''t have the common sense to put any of it away for the hard times.

This guy must not have been much of financial problem solver to have found himself in this predicament.

Oh O.K., I''ve made up my mind. This was DEFINITELY a schadenfreude piece for me.
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by lloydbest1 January 24, 2009 12:55 AM EST
"Russ" could do some volunteer work. Perhaps at a soup kitchen, a homeless shelter or as a school aide. Such work is not deflating and it will give him a first hand look at how the "other America" lives. It ain''t pleasant and although I sincerely hope he doesn''t join the homeless or need the soup lines, I simply can not work up a whole lot of sympathy for him, either.
The article mentions his wife working as a surgical nurse and making only a fraction of what he did. Well, since a good nurse specializing in surgical procedures can command up to $70000 salary, then "Russ" was making way too much money to start.
About out of his severance package? Gee, If I had half of what I suspect he got I could live off the intrest quite comfortably even if I stick it in a passbook account and get only 1.5% interest.
But I live simply and there is no shame in that.
I might be unfair but I know such mid to high level executive types often overspend their already over inflated incomes and do not put enough aside for rainy days such as this one.
Case in point is the "sprawling suburban New Jersey home". He could have settled for a 2100 sq ft house on a third-acre lot in a nice residential neighborhood and saved a bundle on down payment, mortgage and insurance.
It''s not too late. "Russ" should downsize now where he can because it''ll be years before the economy ever gets back to the point where he can score the kind of work he once did and command the kind of salary he once had.
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by daporter99 January 24, 2009 12:49 AM EST
So Laura has to "trudge off to work as a surgical nurse!" TOO BAD! Does she think that her salary as a nurse WOULD EVER ALLOW HER TO LIVE IN A HOME SHOWN ON YOUR BROADCAST ? This is a great example of how our priorities are backward.
As a nurse of 29 years I''m insulted over and over again by the lack of recognition for those of us responsible for caring for human life.
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by stinginrich January 24, 2009 12:08 AM EST
Damnn.....down to his last $10 Mil, huh???.....
There''ll be no more Caviar and Lobsters served on Golden Platters at his house......(they''ll have to use the Silver instead)......Poor Shmoe.....*sniff*...
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by jsd330 January 23, 2009 11:32 PM EST
I really feel for this guy, big house, suv 6 figure salary probobly never put a penny aside. Figured only the blue collar guys get laid off. I''ve seen this type and when the bottom does drop out, they have no idea what to do. That big house will end up being forclosed. I''m glad these wall st. bankers are getting a taste of their own medicine.
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by omega40 January 23, 2009 11:27 PM EST
Boo hoo! Now they know what the people were feeling when wall street''s greed demanded jobs be outsourced to prop up a bottom line somewhere. Hopefully these people will become accustomed to working three jobs just to maintain a minimal standard of living.
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