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VVance
2475 Posts |
 Posted - 07/20/2008 : 06:07:02 AM
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Credit to http://ml-implode.com/
Freddie chief's jackpot
The mortgage giant steps closer to a big capital-raising move that could help its CEO keep his healthy paycheck.
By Colin Barr, senior writer
July 18, 2008: 5:03 PM EDT
NEW YORK (Fortune) -- Freddie Mac chief Richard Syron wants to avoid a government bailout for many reasons. A filing the struggling mortgage giant made Friday lists over 10 million of them.
Syron made $10.6 million last year, according to Freddie Mac's latest report with the Securities and Exchange Commission. The company disclosed the information in a filing that clears the way for Freddie (FRE, Fortune 500) to raise $5.5 billion from investors to shore up its balance sheet.
http://money.cnn.com/2008/07/18/news/newsmakers/freddie_syron.fortune/index.htm?postversion=2008071817 |
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ML
2998 Posts |
Posted - 07/20/2008 : 07:27:13 AM
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My H.S. buddy and track team relay mate, Ralph Boyd, is E.V.P. of Community Relations at Freddie. He only made $850,000 last year.  |
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ritabradley01
3144 Posts |
Posted - 07/20/2008 : 07:28:07 AM
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| do do do do Twilight Zone theme..... |
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VVance
2475 Posts |
Posted - 07/20/2008 : 08:10:00 AM
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quote:
Originally posted by ML
My H.S. buddy and track team relay mate, Ralph Boyd, is E.V.P. of Community Relations at Freddie. He only made $850,000 last year.
How did he make ends meet? |
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khoiey
1564 Posts |
Posted - 07/20/2008 : 09:22:58 AM
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lol
quote:
Originally posted by VVance
quote:
Originally posted by ML
My H.S. buddy and track team relay mate, Ralph Boyd, is E.V.P. of Community Relations at Freddie. He only made $850,000 last year.
How did he make ends meet?
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rtrefflich
3386 Posts |
Posted - 07/20/2008 : 6:40:45 PM
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That's actually not too bad compared to the hundreds of millions of dollars that other CEO's made at financial institutions over the past few years. I am not justifying the salary, I am only indicating that it is fairly small compared to many others in the business.
quote:
Originally posted by VVance
Credit to http://ml-implode.com/
Freddie chief's jackpot
The mortgage giant steps closer to a big capital-raising move that could help its CEO keep his healthy paycheck.
By Colin Barr, senior writer
July 18, 2008: 5:03 PM EDT
NEW YORK (Fortune) -- Freddie Mac chief Richard Syron wants to avoid a government bailout for many reasons. A filing the struggling mortgage giant made Friday lists over 10 million of them.
Syron made $10.6 million last year, according to Freddie Mac's latest report with the Securities and Exchange Commission. The company disclosed the information in a filing that clears the way for Freddie (FRE, Fortune 500) to raise $5.5 billion from investors to shore up its balance sheet.
http://money.cnn.com/2008/07/18/news/newsmakers/freddie_syron.fortune/index.htm?postversion=2008071817
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VVance
2475 Posts |
Posted - 07/20/2008 : 7:42:27 PM
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quote:
Originally posted by rtrefflich
That's actually not too bad compared to the hundreds of millions of dollars that other CEO's made at financial institutions over the past few years. I am not justifying the salary, I am only indicating that it is fairly small compared to many others in the business.
quote:
Originally posted by VVance
Credit to http://ml-implode.com/
Freddie chief's jackpot
The mortgage giant steps closer to a big capital-raising move that could help its CEO keep his healthy paycheck.
By Colin Barr, senior writer
July 18, 2008: 5:03 PM EDT
NEW YORK (Fortune) -- Freddie Mac chief Richard Syron wants to avoid a government bailout for many reasons. A filing the struggling mortgage giant made Friday lists over 10 million of them.
Syron made $10.6 million last year, according to Freddie Mac's latest report with the Securities and Exchange Commission. The company disclosed the information in a filing that clears the way for Freddie (FRE, Fortune 500) to raise $5.5 billion from investors to shore up its balance sheet.
http://money.cnn.com/2008/07/18/news/newsmakers/freddie_syron.fortune/index.htm?postversion=2008071817
That's true. This guy makes $10 million+ to kill the stock price and leave the company insolvent. I would have done that for a 1/10th his salary. |
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rtrefflich
3386 Posts |
Posted - 07/20/2008 : 7:59:13 PM
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Yeah, but look at the CEO's of Merrill, Citi, Countrywide, WAMU, Wachovia, etc, they have made many times more to kill the stock, leave the company and get a huge payout for what they have done. I am only saying that talking about the size of the company and the amount of money they use the guy was grossly underpaid for what did.
I too could have messed up the entire company for much less.
quote:
Originally posted by VVance
quote:
Originally posted by rtrefflich
That's actually not too bad compared to the hundreds of millions of dollars that other CEO's made at financial institutions over the past few years. I am not justifying the salary, I am only indicating that it is fairly small compared to many others in the business.
quote:
Originally posted by VVance
Credit to http://ml-implode.com/
Freddie chief's jackpot
The mortgage giant steps closer to a big capital-raising move that could help its CEO keep his healthy paycheck.
By Colin Barr, senior writer
July 18, 2008: 5:03 PM EDT
NEW YORK (Fortune) -- Freddie Mac chief Richard Syron wants to avoid a government bailout for many reasons. A filing the struggling mortgage giant made Friday lists over 10 million of them.
Syron made $10.6 million last year, according to Freddie Mac's latest report with the Securities and Exchange Commission. The company disclosed the information in a filing that clears the way for Freddie (FRE, Fortune 500) to raise $5.5 billion from investors to shore up its balance sheet.
http://money.cnn.com/2008/07/18/news/newsmakers/freddie_syron.fortune/index.htm?postversion=2008071817
That's true. This guy makes $10 million+ to kill the stock price and leave the company insolvent. I would have done that for a 1/10th his salary.
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