This morning I heard he was CFO. Guess he didn’t want to be accountable for his creative accounting practices.
If I am not mistaken he and David Moffett were basically new. Brought in to clean things up. Moffett quit last month as CEO. That resignation stayed under the radar. I know I posted the story, but dang if the search function won’t bring it up. Now we have the CFO committ suicide. Folks this is not a good sign at all.
He had only been CFO for a few months, although he had worked for the company for a number of years and obviously would have been aware of many internal things.
Re: “This morning I heard he was CFO. Guess he didn’t want to be accountable for his creative accounting practices”
****************
He may not be to blame — in a new position for him but was at Freddie Mac for 17 years! If this is truly a suicide, perhaps the angst was all too much — maybe he was preparing to tell tales on Frank et al..... maybe anything! We will probably never know the truth here.