Former Swiss Billionaire in Crisis to Sell Aston Martin - Bloomberg: Europe’s crisis is imposing fiscal discipline on working households, spendthrift governments -- and the occasional billionaire.
Thomas Straumann, who until last year owned an Aston Martin DB5 used to promote the 1965 James Bond movie Thunderball, a majority stake in luxury watchmaker H. Moser & Cie. and a hotel in the Alpine resort of Gstaad, Switzerland, was forced to let go of a few of his favorite things.
He holds 17 percent of Basel, Switzerland-based Straumann, the dental company that bears his name, after selling 10 percent to the Government of Singapore Investment Corp. in November. The stock has declined 69 percent from its 2007 peak as people hamstrung by the economic downturn delayed dental work like crowns and bridges, which are largely paid out of pocket.
Thomas Straumann, who until last year owned an Aston Martin DB5 used to promote the 1965 James Bond movie Thunderball, a majority stake in luxury watchmaker H. Moser & Cie. and a hotel in the Alpine resort of Gstaad, Switzerland, was forced to let go of a few of his favorite things.
He holds 17 percent of Basel, Switzerland-based Straumann, the dental company that bears his name, after selling 10 percent to the Government of Singapore Investment Corp. in November. The stock has declined 69 percent from its 2007 peak as people hamstrung by the economic downturn delayed dental work like crowns and bridges, which are largely paid out of pocket.
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