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A $140 Million Payday For Frank Raines
Business Week ^ | 1/10/05 issue | Jessi Hempel

Posted on 01/03/2005 5:38:52 AM PST by jalisco555

click here to read article


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Hey, I can fail miserably at almost anything for 140 million bucks. Where do I get one of those jobs?

BTW, if you go to the link you need to scroll down a bit to find this particular story.

1 posted on 01/03/2005 5:38:53 AM PST by jalisco555
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To: jalisco555

It is quite lucrative to be on the corrupt side of the aisle.


2 posted on 01/03/2005 5:44:14 AM PST by blanknoone (The two big battles left in the War on Terror are against our State dept and our media.)
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To: blanknoone

I have to say American CEO's seem to take the piss even more than British ones and The Brits are famed for it!

$140 million! Shareholders need to take some serious action.


3 posted on 01/03/2005 5:45:47 AM PST by kingsurfer
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To: jalisco555
outrage doesn't even begin to describe this, it's things like this that makes many people think all CEO's are money grabbing incompetent boobs who care only of filling their own pockets. Incompetence should never be rewarded. This is where the democrat DU types can feed their 'big corporations = evil' mantra.
4 posted on 01/03/2005 5:47:06 AM PST by William of Orange (I'm John Kerry and I approve this message. No I don't. Yes I do. No I don't. Yes I do. Maybe, not.)
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To: jalisco555

Just like `Rat Senators, they fail miserably at everything except spending your money, then they get to vote themselves pay raises.


5 posted on 01/03/2005 5:49:27 AM PST by Imaverygooddriver (I`m a very good driver and I approve this message.)
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To: William of Orange
This is where the democrat DU types can feed their 'big corporations = evil' mantra.

Yes, but as a Clinton appointee to a quasi-public corporation, Raines gets a pass. Only Republican businesspeople are evil, after all.

6 posted on 01/03/2005 5:52:08 AM PST by jalisco555 ("The best lack all conviction, while the worst are full of passionate intensity." W. B. Yeats)
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To: jalisco555
Remember, if you are going to steal, steal BIG!!

regards,

7 posted on 01/03/2005 5:54:08 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: jalisco555

I just wonder what Clinton's vig was for putting him in this position in the first place. Gorelick, too. The Don always gets a piece of the action.


8 posted on 01/03/2005 5:59:38 AM PST by Inwoodian
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To: jalisco555

So when will the Republicans in Congress grow a spine and start hearings on this? Isn't Fannie Mae regulated out the wazoo because the US govt essentially guarantees their credit?


9 posted on 01/03/2005 6:00:51 AM PST by ikka
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To: jalisco555

He's got nothing to worry about. If anyone makes too big of a stink about his severance package, Jesse Jackson will be all over them.


10 posted on 01/03/2005 6:26:10 AM PST by RtWngr (Being tolerant of the intolerant is pretty stupid actually.)
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To: jalisco555

Thanks for the post. BTTT!


11 posted on 01/03/2005 6:28:43 AM PST by PGalt
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To: RtWngr

true!

http://www.theconservativerepublican.com/index.html


12 posted on 01/03/2005 6:30:09 AM PST by theconservativerepublican (www.theconservativerepublican.com)
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To: William of Orange

I HAVE BEEN E MAILING & WRITING AS MANY MEDIA OUTLETS
as possible trying to get the Criminals in the press to REPORT the Scandal angle of this outrage..........
Anyone else? Am I wasting my time?


13 posted on 01/03/2005 6:33:21 AM PST by GipperGirl
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To: jalisco555

This is only the first of several top Clinton people who must go...either to jail, or at least to a plush retirement.

This is not a competitive, free enterprise, corporation. It was created by Congress, and is far from being an independent enterprise.

It became a Democrat slush fund source with some of the sleaziest of the Clinton entourage placed throughout the organization.

Had this been Enron, there would be people going to jail.


14 posted on 01/03/2005 6:33:52 AM PST by Rhetorical pi2
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To: Rhetorical pi2
Had this been Enron, there would be people going to jail.

Only Republicans need fear the law. Democrats are exempt.

15 posted on 01/03/2005 6:37:01 AM PST by jalisco555 ("The best lack all conviction, while the worst are full of passionate intensity." W. B. Yeats)
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To: GipperGirl
Am I wasting my time?

NO! Some will say you're charging windmills . . . but, remember, evil triumphs only when those who care remain silent.

I noticed you're "relatively" new. I'm no long-term veteran but WE ALL need new blood to keep us motivated. I'm going to send some emails of my own today because of you.

Please stay involved, stay motivated, and fight . . . fight . . . fight. We need folks like you in our corner.

Welcome to Free Republic by the way.

16 posted on 01/03/2005 6:41:21 AM PST by geedee (History does not long entrust the care of freedom to the weak or the timid.)
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To: geedee

Thank you.......
I am pretty new to Free Republic
I was longing for a site that is PRO Active.
As opposed to just another bitching site.
(does that make sense)?


17 posted on 01/03/2005 6:45:35 AM PST by GipperGirl
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To: GipperGirl
As opposed to just another bitching site.
(does that make sense)?

Absolutely! And you've come to the right place. LOL. FR . . . like anything else in life . . . has our share of Chicken Littles and I always try to pump up our activists like you. I'm disabled and home-bound most of the time so I can only give back by trying to let those who can make a difference know that THEY ARE MAKING A DIFFERENCE.

I've emailed all the "major" networks . . . I'm starting on the newspapers now. Keep on strokin'. We'll get their attention eventually.

Feel free to FReepmail me if you have any questions about Free Republic. It can be a bit daunting to learn all the ropes and I'll help where I can.

18 posted on 01/03/2005 7:17:03 AM PST by geedee (History does not long entrust the care of freedom to the weak or the timid.)
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To: kingsurfer

In fairness to American CEO's and shareholders, this organization is really a quasi-governmental entity. This is more an extension of the gov't than it is a corporation. The ones burned by this are really the taxpayers...the ones underwriting the risks Fanny Mae and Freddia Mac take.


19 posted on 01/03/2005 7:29:02 AM PST by blanknoone (The two big battles left in the War on Terror are against our State dept and our media.)
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To: blanknoone

yeah- just like Sallie Mae (aka Student Loan Marketing Association). Their CEO Albert Lord is the 6th highest-paid CEO in the world at $33 million (almost $42 mill in total compensation). That's 30 times more than his closest peer.


20 posted on 01/03/2005 7:49:43 AM PST by Sisku Hanne (Deprogramming the left, one truth at a time.)
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