Comments on: On Fannie, Freddie and WaMu… http://www.footnoted.com/earnings-quality/on-fannie-freddie-and-wamu/ Morningstar's guide to what's hiding in SEC filings Tue, 07 Feb 2012 17:57:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: D Ballew http://www.footnoted.com/earnings-quality/on-fannie-freddie-and-wamu/comment-page-1/#comment-6215 D Ballew Sat, 13 Sep 2008 17:41:03 +0000 http://www.footnoted.com/?p=2471#comment-6215 Unfortunately they seem to have left out the clause that should have said "if you run the company into the ground you don't leave here witha dime... That should have been in there somewhere. I can't believe that either CEO would have the gall to accept their severence package, beyond their base salary through their last date of employment. And what about the boards of the two companies? Are they without blame? Unfortunately they seem to have left out the clause that should have said “if you run the company into the ground you don’t leave here witha dime… That should have been in there somewhere. I can’t believe that either CEO would have the gall to accept their severence package, beyond their base salary through their last date of employment. And what about the boards of the two companies? Are they without blame?

]]> By: David J Phillips http://www.footnoted.com/earnings-quality/on-fannie-freddie-and-wamu/comment-page-1/#comment-6203 David J Phillips Wed, 10 Sep 2008 03:26:37 +0000 http://www.footnoted.com/?p=2471#comment-6203 Michelle: You are probably right. And, the ironic part is that [most-likely] the companies paid the legal fees for their erstwhile chief executives. Best--David Michelle:

You are probably right. And, the ironic part is that [most-likely] the companies paid the legal fees for their erstwhile chief executives. Best–David

]]> By: Michelle Leder http://www.footnoted.com/earnings-quality/on-fannie-freddie-and-wamu/comment-page-1/#comment-6201 Michelle Leder Wed, 10 Sep 2008 00:07:32 +0000 http://www.footnoted.com/?p=2471#comment-6201 I don't know David. I think it's better to look at the actual employment agreements as opposed to the watered-down summaries in the proxy. There's a lot of language in those agreements that is open to interpretation and my bet is there's some skilled lawyers who will be going through those docs with a fine-tooth comb. I don’t know David. I think it’s better to look at the actual employment agreements as opposed to the watered-down summaries in the proxy. There’s a lot of language in those agreements that is open to interpretation and my bet is there’s some skilled lawyers who will be going through those docs with a fine-tooth comb.

]]> By: David J Phillips http://www.footnoted.com/earnings-quality/on-fannie-freddie-and-wamu/comment-page-1/#comment-6200 David J Phillips Tue, 09 Sep 2008 21:08:08 +0000 http://www.footnoted.com/?p=2471#comment-6200 Michelle: I beg to differ w. some of the severance numbers in the NYT article, for a big chunk of the severance for both men is in the form of pension benefits and stock & option awards, which are now worthless. http://blogs.bnet.com/secdocuments/?p=59 My Best--David Michelle: I beg to differ w. some of the severance numbers in the NYT article, for a big chunk of the severance for both men is in the form of pension benefits and stock & option awards, which are now worthless. http://blogs.bnet.com/secdocuments/?p=59

My Best–David

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