Documents Reveal Executive Pay At Thornburg Mortage, Post-Bankruptcy

Why is this man smiling

?

Perhaps because, as the CEO of

., 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 (

).

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

:

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.

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