--2 Documents Reveal Executive Pay At Thornburg Mortage, Post-Bankruptcy
         
July 25, 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
 

Trump Paints Dark Picture

Morning Word The Republican nominee declares himself the country's savior. ... More

July 22, 2016 by Peter St. Cyr

Newsletters

* indicates required
Choose your newsletter(s):

@SFReporter on Instagram

 

 
Close
Close
Close