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Where $10 Million is "pocket change"

by asterix | August 9, 2007 at 01:31 am | 233 views | add comment | 0 recommendations
Silicon Valley is thick with those who might be called working-class millionaires - nose-to-the-grindstone people like Steger who, much to their surprise, are still working as hard as ever even as they find themselves among the fortunate few.

When chief executives are routinely paid tens of millions of dollars a
year and a top hedge fund manager can collect $1 billion annually,
those with a few million dollars often see their accumulated wealth as
puny. This is a reflection of their modest status in the new Gilded
Age, when hundreds of thousands of people have accumulated much vaster
fortunes.

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August 9, 2007 at 01:31 am by asterix, 233 views, add comment

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