Freddie Mac CEO made $20 million last year
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2008-07-19
Dick Syron, Freddie Mac chairman and CEO took home nearly $20 million last year and can take home another $20 million this year reports the Associated Press. This for the man that has guided Freddie Mac’s stock to it’s lowest point since 1991 and presided over a $3 billion net loss for the company in 2007.
Hey, let's be realistic. The man is being paid handsomely for being a political pincushion, not running a legitimate company.
But still, this is yet another example of privatized gains and socialized losses.
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