From Realtor Magazine Online, Daily Real Estate News March 3, 2009
Freddie Mac CEO David Moffett announced Monday that he is stepping down after only six months on the job.
"It's never a positive sign when you see someone leave after six months," says Jim Vogel, a debt analyst with FTN Financial in Memphis, Tenn.
Moffett is the fourth top executive to run the company in the last six years. With government regulators essentially in charge of what’s left of the troubled mortgage finance company, persuading someone to take the job could be a challenge.
"You're basically being told what to do," says Guy Cecala, publisher of Inside Mortgage Finance, a trade publication in Bethesda, Md. "I'm not sure that there's any management being done."
Source: The Associated Press, Alan Zibel (03/02/2009)
Subscribe to:
Post Comments (Atom)
.jpg)
No comments:
Post a Comment