David Tepper says he bought and demolished the Hamptons mansion of his former Goldman Sachs boss, John Corzine, for $43.5 million to get revenge for years of humiliation.
“I worked on the high-yield bond desk in the late ’80s. I was considered one of the best. Then I found out Corzine had passed me over for partnership yet again. I was absolutely devastated and humiliated”
“Then came another rejection. And another. I kept thinking, ‘My God, I just can’t break through. It’s always another “no” from the people at the top”
“In 1992, I left and founded Appaloosa. Within ten years, I had become a billionaire. And he was still there”
“In 2010, I bought his old Hamptons mansion from his ex-wife for $43.5 million. I could have just lived in it. I said, No”
“I tore it down completely and built a house twice the size. That was my way of settling the score for all those years of humiliation”