Daniel Mudd and Richard Syron are two guys whose retirement package seems to be doing just fine — despite the recent downturn in the economy.
Those two lowlives are the former chairs of Fannie Mae and Freddie Mac. They collected $9.43 million in retirement benefits on their way out the door. (source)
Call me a little too radical, but I see no reason why they shouldn’t be bound, gagged, and thrown into a hole in a Supermax Prison until they piss themselves daily from the insanity brought on by spending 23 1/2 hours a day in their cells. While that is going on, every possession and dollar held by them, their spouses, their children, their brothers and sisters, and all their cousins should be nationalized — just like the debt that they racked up.
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October 11, 2008 at 11:19 am |
I agree. Their compensation should be tired to the performance of the company they manage. They probably signed great employment contracts that stated a given amount of retirement compensation. I think this is a wake up call to all businesses that they need to examine how they compensate executives. All the rest of us working for corporations have pay and bonuses tied to company performance. Why not the executives? This seems to being up some huge ethical questions. I hope they spend time in SuperMax and have trouble sleeping as they live out their time knowing all the people they have injured by their lax loan practices.