Ken Karpman Delivers Pizza, But Was 6 Figure CEO

Armen Hareyan's picture

Ex CEO of a hedge fund Ken Karpman describes new life delivering pizza for $7.29 an hour.

However, that was not what Ken Karpman was doing two years ago. He was making $750,000 dollars a year. That is more money in weeks than most of the American make in a year.

Karpman and his family were living the life of rich and happy. They used to have a membership in a luxury golf club, enjoyed luxury vacations and had a glorious house. But they did not anticipate the rainy day and did not save for that.

Everything changed for Ken Karpman and his family when the economy started the downward move. Karpman by that time had left his well paying job and had started a Hedge Fund. He was a CEO who was making 750K a year. Now he is an ex CEO who describes to TV producers his life of what it means to delivering pizza for $7.29 an hour.

Ken Karpman has an MBA from UCLA and was an institutional equity sales trader. He and his wife have two children. But the problem was that Karpman bet everything on a good economy. He did not anticipate that things can go wrong.

ABC says that their house is already foreclosed and they are in credit card debt of 100,000 dollars. Their children keep going to private school and someone is anonymously paying for the children.

This is a sad story and does not make to point fingers to Ken Karpman. This is a story of hundreds of thousands of struggling Americans who who have either lost their jobs or are struggling to make their mortgage payments. Not everyone of us thought about rainy day. And Ken Karpman's case provides a good and learning lesson for all of us.

There is something very positive that I saw watching the ABC video about Ken Karpman and his family. While we see how many families easily fall apart he and his wife are staying strong together and raising their kids together. The difficulties of life did not challenge their family values. Great job on that guys keep going. Recessions will end and your family and the love will remain.

The lesson Ken Karpman's case provides us

1. Have a steady personal saving.

2. Do not rely on your credit card too much.

3. Save For Rainy Day.

4. Stay strong with you family, the challenge will pass.

5. It's OK to take a lesser paying job. C'est la vie

6. Keep doing what it takes to be a good husband and a good father.

I wish Ken Karpman and his family and all the struggling families the best. We all pray and hope that this recession is over soon and when we get out we remember that rainy days come. We need to be prepared.

Comments

Submitted by Anonymous (not verified) on
Hedge funds bet on the failure of a stock.What productive,gainful employment.He's doing more for society ........Now!!

Submitted by kennypride (not verified) on
If you really want to help, give a little to hungry people in India/Africa. Do NOT feel any sympathy forward people like Ken Karpman.

Submitted by Anonymous (not verified) on
when he was rich, he and his family spent too much and they didn't even care to save !!! You know what? There are a lot of poor people in the third world countries who still don't have enough 3 meals per day. He doesn't even deserve $7.29.

Submitted by Rick Corbett (not verified) on
If anyone has Ken's contact information, please forward it to me or contact me as I am interested in offering Ken an opportunity to work with me. Thanks for your help!

Submitted by Anonymous (not verified) on
$7.29 per hour is a high paying job on a third world country.. this is a salary of a Manager.. This Guy is still blessed.

emailed<a target="_blank" href="http://pagerankstudio.com"><img src="http://www.roulettesystemwinner.com/img/online%20roulette" alt="google pagerank raise and building services" border="0"></a> it to a few friends, interesting post, keep it up

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