--2 Documents Reveal Executive Pay At Thornburg Mortage, Post-Bankruptcy
         
Jan. 20, 2017

Documents Reveal Executive Pay At Thornburg Mortage, Post-Bankruptcy

August 24, 2009, 12:00 am
By Corey Pein
Why is this man smiling?

Perhaps because, as the CEO of defunct Thornburg Mortgage, Inc., Larry Goldstone still draws a pretty good salary. The company paid him $188,274 in wages in July, according to bankruptcy documents filed Aug. 20 (Here's the PDF).

This screengrab shows compensation for that period for other Thornburg Mortgage principals, including Chief Financial Officer Clarence Simmons III and six directors, whose backgrounds SFR described in a previous story on Thornburg:


It's worth wondering how the 130 people Thornburg laid off last April feel about that level of compensation. Indeed, that's why we have a comments section.

 

comments powered by Disqus
 

Morning Word: We're From the Government. We're Here to Help.

Morning Word The state's 112 citizen legislators, along with hordes of support staff and legions of lobbyists, descend on the Roundhouse today. ... More

Jan. 17, 2017 by Matt Grubs

Newsletters

* indicates required
Choose your newsletter(s):

@SFReporter on Instagram

 

 
Close
Close
Close