Saturday, July 19, 2008

This sums it all up……….

Freddie chief's jackpot

The mortgage giant steps closer to a big capital-raising move that could help its CEO keep his healthy paycheck. Syron made $10.6 million last year, according to Freddie Mac's latest report with the Securities and Exchange Commission.

Posted by mark @ 05:27 PM (618 views)
Please complete the required fields.

2 thoughts on “This sums it all up……….

  • It certainly does sum up everything thats gone wrong with corporate remuneration schemes.

    Quasi-public organizations like Freddie Mac are answerable to no shareholders, and no public government oversight. No wonder they can reward themselves for utter failure.

    “Freddie spokeswoman Sharon McHale says the company’s board sets pay with the help of consultants who review the compensation at similar financial companies.”

    Of course she did! She’s riding high on the gravy train too! If the taxpayer bails out freddie Mac, you can bet the last thing they will get is any say on how the senior management reward themselves though!

    Please complete the required fields.

  • This really is nothing short of corruption, It really is perverse that such reward has been attained through,at the very least, incompetence, and who knows what else the future will show?

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>