THE DESCENT OF A HIGHFLIER
Two years ago, Peter J. Eichler Jr. was one of the most successful men in Southern California.
His money management firm ranked among the largest in Los Angeles, with high-wattage clients such as Goldman Sachs Group Inc. and JPMorgan Chase & Co. And he fashioned a lifestyle that was sumptuous even by the gilded standards of Wall Street.
Eichler paid himself $33 million one year. He owned five homes. He had a fleet of luxury cars, including a $320,000 chauffeur-driven Maybach. He shut...