Not to be sticking up for the old f@rt, but IMO, he still works because he has to have his fingers in the pot in everything cuz he’s a “control freak.” His firm could probably run fine w/o him.
Lot’s of guys who were very successful throughout their lives HAVE to come into the office every day between the ages of 75-85 for at LEAST 4-6 hours, drink coffee, eat their brown-bag lunches and WORK (or advise younger colleagues), etc. H@ll, they don’t even mind moving boxes into the basement storage on dollies or answering the phone when the receptionist is on break!! These firms just “make work” for them out of respect for their contributions to the firm to continue to avail themselves of their intellectual property, which will certainly die with them.
Many of these guys haven’t taken a lot of vacations throughout their lives (even if they could afford them) and DON’T KNOW ANY OTHER KIND OF LIFE EXCEPT THE OFFICE. And their wives (if they still have one) don’t want them hanging around the house all day while they take yoga and art classes.
A know a very smart guy who will be 87 soon who acts as a construction consultant and go-to person who STILL works four days a week, 7 hours per day. When I’ve been in the office and someone calls who he hasn’t spoke to in awhile, he answers, “Yeah, no one’s tried to put a toe tag on me yet so I’m still here,” lol.
The reason this eccentric LA investment-banker dude’s “greatest generation” has so much money is because they never spent anywhere near as much as a they earned. Many made enormous contributions to this state/country, even the world, but their own personal needs were humble. We can all learn from them in this regard :=}
