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life, and all just for playing a game. but it is not all championship rings and showers for some of the elite athletes. there s hard work of course. a limited career life span and for many, hard lessons learned that can apply to almost everyone. that s our cover story today. luxurious mansions, private jets, expensive cars. the life of pro athletes seems perfect. they get paid millions to play the games they love, but what happens when their careers are over? recently, it was revealed nba star baker was working in starbucks after his basketball career ended, baker ran into financial trouble and now supports his family by working in the coffee chain. baker isn t the only former athlete to face financial trouble. according to the national bureau of economic research, nearly 16% of former nfl players declare bankruptcy. and unlike most americans who work until 65, athletes have very short careers. the average nfl player s career is over in just six years. it s worse for ba ....
the elite athletes. there s hard work of course. a limited career life span and for many, hard lessons learned that can apply to almost everyone. that s our cover story today. luxurious mansions, private jets, expensive cars. the life of pro athletes seems perfect. they get paid millions to play the games they love, but what happens when their careers are over? recently, it was revealed nba star baker was working in starbucks after his basketball career ended, baker ran into financial trouble and now supports his family by working in the coffee chain. baker isn t the only former athlete to face financial trouble. according to the national bureau of economic research, nearly 16% of former nfl players declare bankruptcy. and unlike most americans who work until 65, athletes have very short careers. the average nfl player s career is over in just six years. it s worse for baseball and basketball layers. many players don t have a plan for life after sports. to help, pro lea ....
background in financial. a lot of times, we re the first people. the members of our family, our household to go to college. we can t go back and ask our parents what to do with it. so it s just uninformed decisions and what happens is a lot of us come from urban areas and we re used to seeing the schemes but we become prey to businessmen, people that are far more educated and it sounds good and athletes a lot of times so prideful, they don t want to admit they don t understand it, they don t know. you work with a lot of athletes including people like antoine walker, who had $108 million that he lost and went into bankruptcy on these issues. how do you possibly tell someone to start over after a huge whip saw like that. the antoine situation, it s about the educational perspective. we brought bart and antoine on board and be involved with the program so as bart indicated, we could go out, educate individuals at an early age. you know, antoine had a scenario where p ....
interview,xclusive carlos slim calls that warren buffett, saying he should put in his own money. it is not a matter of giving. tonight we re taking the fight to hackers. securityr homeland secretary shows how he is battling cyberattacks with a new kind of insurance for companies. risk,re is brand reputation risk, so you need to look at this not as a technology problem, you need to look at it as is this risk is thi business risk. with a are partnering london syndicate to provide security to mitigate cyber risk. cyber big as this, global activity is estimated to create annual losses of $300 billion to one trillion u.s. dollars. what the future holds in cyber security. step back for just a moment and assess the current threat for businesses such as financial institutions. we ll cover jpmorgan and the loss of 76 million households. their information has been compromised. it is interesting you raise this issue because the actors are pretty much the same. you havessia ....
carlos slim calls that warren buffett, saying he should put in his own money. it is not a matter of giving. tonight we re taking the fight to hackers. and former homeland security secretary shows how he is battling cyberattacks with a new kind of insurance for companies. there is brand risk, reputation risk, so you need to look at this not as a technology problem, you need to look at it as is this risk business risk. they are partnering with a london syndicate to provide security to mitigate cyber risk. in big business, global cyber activity is estimated to create annual losses of $300 billion to one trillion u.s. dollars. i asked him what the future holds in cyber security. step back for just a moment and assess the current threat for big businesses such as financial institutions. we ll cover jpmorgan and the loss of 76 million households. their information has been compromised. it is interesting you raise this issue because the actors are pretty much the ....