AdSlot 1 (Leaderboard)

Freddie Mac CFO found dead

Freddie Mac’s acting chief financial officer David Kellerman, age 41, has
been found dead at his home in Virginia. Reports quote police sources saying
there are no suspicious circumstances.
The
Washington Post
describes his death as an apparent suicide.

Kellerman was promoted from controller and principal accounting officer to
the role of acting CFO at the beleaguered federal mortgage group in September
after his predecessor, Anthony Piszel was fired without compensation. Kellerman
had been with Freddie Mac for 16 years. He was the group’s fifth CFO in little
more than eight years.

Interim CEO John Koskinen paid tribute to Kellerman, citing his ”
extraordinary work ethic and integrity”. Pricing of an issue of five-year notes
that was supposed to have taken place today was postponed for at least one day.
The share price fell 8% today to 79 cents, making a 97% fall over the course of
the last year.

See:
Taking stocks: Finance chiefs have a lot to answer for

Ten
days that shook the world

Shareholder
values: Paulson’s blink

Executive
stress:
I’m fine – no, really, I’m fine

Related reading

/IMG/350/328350/intelligence-database
plumbing
/IMG/615/335615/stocks-equities-board
/IMG/757/318757/tescor32r3