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Sunday, July 20, 2008

Freddie Mac CEO '07 pay: $19.8 million

  **FILE** In this Nov. 29, 2007 file photo, Richard Syron, chairman 
and CEO of Freddie Mac, talks about the sub-prime lending crisis and its 
effect on the housing market in Boston. Mortgage finance company Freddie 
Mac's first quarter loss widened to $151 million Wednesday, May 14, 2008, 
as the U.S. housing market worsened, though the results were not as poor 
as expected. (AP Photo/Stephan Savoia, file)

 

 

 

 

 

Freddie Mac CEO Richard Syron

 

According to www.borrowerhotline, There is little speculation as to why Syron is not concerned with the recent disclosure of his earnings. This well spoken, level headed fool pocketed nearly $19.8 million in compensation last year, according to the SEC, even as the troubled mortgage company's stock lost half its value. -Staff

 MS

Quote of the day!

Who goofed, I've got to know...who goofed!

Howard Cosell

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