[Homestead] F&F Execs get golden parachute
Don Bowen
don.bowen at earthlink.net
Tue Sep 9 08:58:30 EDT 2008
http://www.latimes.com/business/la-fi-fannie9-2008sep09,0,4063126.story
"Mudd earned $11.6 million last year, and Syron made $18.3 million. In both
cases, a large portion of their pay packages included stock that was valued
much higher at the end of 2007 than it was as of Monday, when it was trading
at less than $1 a share."
"By conservative estimates, Mudd, 49, and Syron, 64, will leave with an
additional $7.3 million and $6.3 million, respectively, as part of a
severance package, according to an analysis by Paul Hodgson at the Corporate
Library."
Don Bowen KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html
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