Peter Kraus Finally Loses Some Money


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]