Peter Kraus Finally Loses Some Money

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The recession was good to Peter Kraus. In 2008, he received an unknown but undoubtedly hefty payout upon retiring from Goldman Sachs after 22 years. Immediately following that, he received a $25 million bonus for spending three months helping John Thain offload Merrill Lynch onto Bank of America. After that, Alliance Bernstein gave him a $6 million bonus and $75 million in stock to help dig them out of a terrible hole. But today! The recession finally caught up to Kraus: His Park Avenue co-op sold for a mere $7.65 million — a whole $1.5 million less than the $9.2 million he listed it for in 2008. SO THERE.

Wall Street's Kraus Completes Co-op Sale [WSJ]