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Luxury repo men and the thrill of taking from the rich

By Matt Phillips
Published Last updated This article is more than 2 years old.

A link from Businessweek

A profile of Orlando, Fla., based International Recovery and Remarketing Group (IRG), a niche company that repossesses yachts, jets and other playthings of the overleveraged wealthy. Turns out it feels quite a bit better than sending staff out to repo Chrysler minivans, which was IRG founder Ken Cage’s entree into the business. “The guys would go out to repo a car and call me up,” Cage said. “They’d say, ‘This minivan has a baby seat in the back. What do you want us to do?’ I felt this conflict all the time.”

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