Bankruptcy
Before his company's bankruptcy in 1965, Zeckendorf became the embodiment of glamorous real-estate dealmaking, which included developing Roosevelt Airfield, where Charles Lindbergh began his transatlantic flight, and helping to advance and develop Long Island University. From the start of his career Zeckendorf had been able to use his dealmaking skills to acquire or build projects for which he lacked the funds, but in time the under-funding caught up with him.
Read more about this topic: William Zeckendorf
Famous quotes containing the word bankruptcy:
“Disappointment is a sort of bankruptcy—the bankruptcy of a soul that expends too much in hope and expectation.”
—Eric Hoffer (1902–1983)
“You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.”
—Henry David Thoreau (1817–1862)
“A woman’s whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless—for it is a bankruptcy of the heart.”
—Washington Irving (1783–1859)