For Now, the Party's Over

Top business execs--not renown for their willingness to give up generous perks, bonuses, and possessions, even when their companies are ailing--are nonetheless divesting themselves of personal luxury items in these poor economic times, reports USA Today online (November 9, 2001).

According to the site, possessions being given up include pricey art collections, a 5,000-acre ranch, an island in Vancouver, British Columbia, and a 300-foot-long luxury yacht, complete with two helicopters, worth $100 million.

Many of those selling off possessions made their fortunes in the technology sector, much troubled in recent months. No news on how their employees are faring.

All this, of course, begs the question we know is on your mind.

How will they survive?