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so what kind of golden parachutes did the ceos of fannie/freddy/lehman

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onethatcares Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 05:32 PM
Original message
so what kind of golden parachutes did the ceos of fannie/freddy/lehman
merryl etc get to walk away? These people ran their companies into the ground and should not be allowed to have any compensation other than a bus ticket to their gated community. if that.
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yourout Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 05:34 PM
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1. I think that part of the Fed package says no buyouts for CEOs.
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jkshaw Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 05:40 PM
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2. Good!
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GirlieQ Donating Member (141 posts) Send PM | Profile | Ignore Tue Sep-16-08 05:43 PM
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3. That's what I saw too.
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flowomo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 05:44 PM
Response to Original message
4. not much:
The government on Sunday said departing Freddie Mac and Fannie Mae CEOs will not get the golden parachute payments in their contracts.

Fannie's Daniel Mudd and Freddie's Richard Syron could have received, in total, up to $25 million, an amount that had come under heavy criticism as the government took over the financially battered mortgage giants. That takeover, which occurred a week ago Sunday, thrusts trillions of dollars of risk directly onto taxpayers' shoulders.

http://www.usatoday.com/money/economy/housing/2008-09-14-freddie-fannie-golden-parachutes_N.htm
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