Goldman Sachs Takes Yacht
Poor William Kallop. According to Fortune writer David Z. Morris, Kallop
Goldman Sachs.Was until recently the proud owner of the Natita, a 217-foot beauty featuring a movie theater and helipad and named after his mother-in-law. But the Wall Street Journal reports that the Natita is now the property ofKallop used the yacht as partial collateral for a $32 million loan from Goldman in 2014. Soon after, Kallop—a big spender whose recent acquisitions have included at least seven yachts, eight residences, and three jets—ran short on cash, leading him to lay off employees and try to sell assets.
Why do bad things always happen to good people?