To: Liz
The whole of Fannie Mae, looking at those directors, and Raines, seems like a real Democrat backwater, a lil liberal club.
But Raines didn't just get 18 million - that's million. His 'package', his 'packet', his 'packing packet of packaging' was full of million-dollar components, such that he walked away with perhaps over one hundred million or more, if I'm not mistaken. Just various parts of his 'packaging package' are more than superstar NBA players get in their big rookie contracts. This is what I think so many want to cover up, just how rich this do-nothing lib got while people struggle to pay the bills, and pay their taxes. And this fool just gets millions and millions and millions thrown at him like it was just paper, and just grew on trees everywhere.
14 posted on
01/06/2005 5:53:53 AM PST by
sevry
To: sevry
Fired for bungling its books....Raines gets a $26 million parachute not counting a monthly pension of $116,300 for life. owns options giving him $5.8 million in net profit plus another $8.7 million in deferred compensation......has already collected $4.87 million in special performance shares....keeps $5 million paid-up life insurance. Mr/Mrs get free med/dental benefits for life, worth over $1 million. Raines earned $20 million in salary, bonuses and stock awards last year ......says he's entitled to paychecks til next June 22 adding another $600,000, which triggers a $2,000 monthly raise in his lifetime pension......also lays claim to disputed options with a gross value of about $5.6 million ......wants F/M to match his charitable contributions by $10,000 a year.
15 posted on
01/06/2005 5:58:21 AM PST by
Liz
(Wise men are instructed by reason; lesser men, by experience; the ignorant, by necessity. Cicero)
To: sevry
The whole of Fannie Mae, looking at those directors, and Raines, seems like a real Democrat backwater, a lil liberal club. Except for Ken Duberstein........he was President Reagan's Chief of Staff.
16 posted on
01/06/2005 6:04:25 AM PST by
MamaLucci
(Libs, want answers on 911? Ask Clinton why he met with Monica more than with his CIA director.)
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