Daily Archives: April 4, 2009

Fannie & Freddie Play AIG Bonus Game, Truth or Dare? (AIG, FNM, FRE)

burning-money-pic3Did you think that American International Group Inc. (NYSE: AIG) was a cluster-something on the bonus front?  The ‘retention’ bonuses of some $210 million that Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are heading out will either sound just as bad or far worse if you are a compensation hawk.  AIG has not yet been formally repo’d to become a subsidiary on Uncle Sam’s balance sheet.  Technically, Fannie and Freddie are still separate entities from Uncle Sam.  But there is no GSE status for AIG.  There is a GSE, or Government Sponsored Entity, status at both Fannie Mae and Freddie Mac.  So when you break this down after a headline, just how “bad” is this really?
Read More »

Posted on: April 4, 2009 – 9:12 am in Banking, Compensation, Corporate Governance, Financial Stocks, Labor & Unions, Law, Politics, Regulation, , ,

The New York Times Threatens To Fold The Boston Globe

The New York Times Company (NYT) has threatened to close The Boston Globe, one of the papers on the 24/7 Wall St “Ten Major Newspapers The Will Fold Or Go Digital” list.

According to the paper’s unions, NYT said it may have to close the paper if it cannot get $20 million in labor cost concessions.

Douglas A. McIntyre

Posted on: April 4, 2009 – 6:19 am in Old Media,