How to know that a recession is in full swing: the Ken Karpman case
It was reported back in March 2009 that Ken Karpman, an MBA from UCLA was a CEO of his own hedge fund, earning USD750K per year. Then the recession struck, he went bankrupt and to make ends meet was forced to work delivering pizzas for Mike’s Deli & Pizzeria at USD7.29 per hour.
He lost more than USD500K of his own money during the credit crisis.
Another job he considered (and failed to get) before his current job is tending a bar. He could also have considered selling micro sd cards at the local electronics store.
So you can say he’s the most overqualified pizza delivery man ever.
To his credit, Karpman is reportedly “fairly positive about his new position and looks to it as more of a growing process,” even though he sometimes finds himself in awkward positions: delivering pizza to former employees.
