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Home / Articles / News / Local News /  Failing Upward, Cont'd

Failing Upward, Cont'd

In Brief

June 2, 2010, 12:00 am
One-time higher-ups at the defunct Thornburg Mortgage continue to seek, and sometimes score, new gigs.

In April, former Thornburg board member Eliot Cutler announced his candidacy for governor of Maine. According to a May 26 Portland Press Herald story, Cutler put $240,000 of his own money into his campaign.

Cutler is running as an independent; his platform includes cutting Medicare and other public assistance programs.

During Thornburg Mortgage’s troubled final year, Cutler claimed $159,000 in compensation—including $26,000 after the company’s bankruptcy was announced in May 2009.

Cutler’s website touts his “distinguished” business career.

 

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