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3 pts

Opinion on  Freddie Mac (FRE)     Sector: Financial  >  Industry: Consumer Financial Services
Dirty stock

Sep 26, 2008 03:27 AM GMT
Return Risk
-9.09% LOW
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Recent News  

$2 billion pay day for failure

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Posted by: Nanette Byrnes on September 25

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The top executives at AIG , Freddie Mac , Fannie Mae , Lehman and Goldman Sachs pulled down more than $2 billion in pay over the past five years according to a new analysis by a professor at San Diego State University’s Charles W. Lamden School of Accountancy, Dr. David DeBoskey .

Henry Paulson, who in his current role as Treasury Secretary is pushing for a bank bailout, accounts for $82 million of the total. That was his pay for three years (2003 to 2005) as CEO of Goldman Sachs. DeBoskey included the pay of 57 different individuals, pulling the data that companies report on their top 5 officials to the Securities & Exchange Commission, to get to the $2.1 billion total.

http://www.businessweek.com/careers/managementiq/archives/200...


FRE:  This call was made on 09/26/08 @ $1.58
Rating:   Negative   $1.58 (09/26/08)
Closed:   09/26/2008 @ $1.58 (+0.00% in 4 minutes)
Target:   in < two weeks


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