April 19, 2014

This Week's SFR Picks

Newsletters

* indicates required

Guides

 

 

Documents Reveal Executive Pay At Thornburg Mortage, Post-Bankruptcy

August 24, 2009, 12:00 am
By Corey Pein
Why is this man smiling?

Perhaps because, as the CEO of defunct Thornburg Mortgage, Inc., Larry Goldstone still draws a pretty good salary. The company paid him $188,274 in wages in July, according to bankruptcy documents filed Aug. 20 (Here's the PDF).

This screengrab shows compensation for that period for other Thornburg Mortgage principals, including Chief Financial Officer Clarence Simmons III and six directors, whose backgrounds SFR described in a previous story on Thornburg:


It's worth wondering how the 130 people Thornburg laid off last April feel about that level of compensation. Indeed, that's why we have a comments section.

 

comments powered by Disqus
 
Close
Close
Close