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teomaxxx · 09-08-2008, 07:32 AM

this is really foolish, to reward crooks and bill the taxpayer for it.
both of them should in a prison due accounting games.
both CEOs ruined their companies and they get even bonus reward.

http://www.businesssheet.com/2008/9/...ie-and-freddie
Taxpayers are now on the hook for tens of billions of dollars of capital necessary to save Fannie Mae (FNM) and Freddie Mac (FRE). The CEOs of both companies--the ones who ran them into the ground--have thankfully been shown the door. But they're taking a nice pot of money with them.

Specifically, Dan Mudd, the CEO of Fannie Mae, is getting $9.3 million of severance for destroying his company. Richard Syron, the CEO of Freddie Mac, is getting $14.1 million--in part because of a clause he added to his employment contract two months ago, when it was clear the company was headed for disaster...

09-08-2008, 07:32 AM
teomaxxx Confirmed User Join Date: May 2003 Posts: 2,737	this is really foolish, to reward crooks and bill the taxpayer for it. both of them should in a prison due accounting games. both CEOs ruined their companies and they get even bonus reward. http://www.businesssheet.com/2008/9/...ie-and-freddie Taxpayers are now on the hook for tens of billions of dollars of capital necessary to save Fannie Mae (FNM) and Freddie Mac (FRE). The CEOs of both companies--the ones who ran them into the ground--have thankfully been shown the door. But they're taking a nice pot of money with them. Specifically, Dan Mudd, the CEO of Fannie Mae, is getting $9.3 million of severance for destroying his company. Richard Syron, the CEO of Freddie Mac, is getting $14.1 million--in part because of a clause he added to his employment contract two months ago, when it was clear the company was headed for disaster...