--2 Documents Reveal Executive Pay At Thornburg Mortage, Post-Bankruptcy
         
Feb. 8, 2016

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: Rep. Espinoza Faces Ethics Complaint

Democratic Party says she used government resources to promote campaign for secretary of state

Morning Word The ethics complaint cites a radio program where Espinoza repeatedly directed listeners to her official, legislative website in order to get information about collecting petitions for her campaign and her contact information. ... More

Feb. 05, 2016 by Peter St. Cyr

Newsletters

* indicates required
Choose your newsletter(s):
January 6, 2016 by SFR  
January 6, 2016 by SFR  
January 13, 2016 by Ben Kendall  

@SFReporter on Instagram

 

 
Close
Close
Close