Failing never paid so well
Published September 8, 2008 by CSBJ Staff
The New York Times is reporting that Fannie Mae CEO Dan Mudd will get $9.3 million of severance for leaving his company, while Freddie Mac CEO Richard Syron will get $14.1 million.
The packages are miniscule compared to what’s become normal departure deals for mega-company CEOs, but now taxpayers will help foot the bill for dismissing the departing Fannie and Freddie CEOs.
Filed under CSBJ Daily
Sounds like each of us tax payers should sue these idiots and disgorge them of their golden parachutes. Why can they screw up and I get stuck with the bill?