Originally posted by Ray
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Money Beat
To me, this bit is the most interesting
Syron and Mudd could become the latest poster boys for Pay Without Performance, joining Robert Nardelli of Home Depot, Hank McKinnell of Pfizer and Phillip Purcell of Morgan Stanely, who have also achieved this dubious distinction. Or this time could be different: Congressional lawmakers (who failed to protect taxpayers with better oversight of Fannie and Freddie) are now calling on Paulson to nix those payouts or at least cut them way back. Syron and Mudd have hired lawyers and public relations reps to help them manage the battle.
And guess what? Under Daniel Mudd's employment contract, the company -- now owned by the U.S. taxpayer -- is supposed to pay his legal bills.
And guess what? Under Daniel Mudd's employment contract, the company -- now owned by the U.S. taxpayer -- is supposed to pay his legal bills.
The only cheerful thing about this particular webpage was Bianna Golodryga
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