Monday, July 14, 2008

A Modest Proposal for Richard Syron and Dan Mudd

The two CEOs would take compensation of $1 per year plus restricted stock that doesn't vest for, say, two years. By doing this, whey would show that they have confidence in the long term futures of their companies, and that they are willing to risk-share with taxpayers.


Anonymous said...

In principal, I love the idea.

Unfortunately, I believe Syron was supposed to retire last year and will likely be retiring as CEO before the two year horizon (and possibly before next summer).

Uncle Billy said...

Or we could just sell them to the hedge fund managers for food.

And then make them sit through a performance of Stockhausen.

Anonymous said...

This makes me wonder about the NY Times:

Notice how Ms. Gorelick's career is summarized at the end: "Jamie Gorelick, a deputy attorney general from 1994 to 1997, and Slade Gorton, a Republican senator from Washington from 1982 to 2000, were members of the 9/11 commission."

They neglect to mention her 6 years at fnma where she earned $26M during the accounting scandal?

That, plus the uneducated reader might think that a position with the 9/11 commission is a good thing.