Note that the CEO of Fannie got the same treatment.

Reader comment on: SEC Vs. Syron

Submitted by Lyle (United States), Dec 16, 2011 14:56

The share price had already fallen greatly by the time Paulson took over. So the stockholders would have noticed. One week in July alone the price fell by about 50% (In July 2008 before Paulson got the bazooka) and at that point at the lowest in 2 decades. Of course as in most US corporations the shareholders could not do a thing about it not being able to nominate directors, and with the soviet style "elections" for the board (just like BofA and Citi). The managment did not give a damn about their shareholders, only about their own bonuses. So yes the shareholders have been harmed already.

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