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More on David Kellerman. who signed the SEC reports?

Posted on | May 16, 2009 | Comments Off on More on David Kellerman. who signed the SEC reports?

Did Bonus Shaming Play A Part In Kellerman’s Death?

Posted by Bess Levin, Apr 22, 2009, 12:50pm

Obviously trying to figure out why David Kellerman committed suicide is completely morbid and something of a pointless exercise, since we’ll never actually know. Freddie Mac seems to believe (or is just saying) that it knows of “no connection between this terrible personal tragedy and the ongoing regulatory inquiries discussed in our recent SEC filing,” according to spokesman David Palombi. Could the public outrage over his bonus have played a part?

Mr. Kellermann, 41, had been Freddie Mac’s chief financial officer since September. He was named to the position when the federal government seized the company and ousted its top executives last fall. In recent weeks, according to neighbors and company officials, Mr. Kellermann had received a bonus of about $800,000. Such bonuses — which totaled $210 million for executives at Freddie Mac and its sibling company Fannie Mae — caused some controversy earlier this month, and some lawmakers called for them to be rescinded.According to neighbors, Mr. Kellermann hired a private security firm after reporters came to his house to ask about his bonus.

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