Wednesday, April 22, 2009

" We, the greater good mob, contributed..."

Here is an interesting conversation I just had with my best friend at the j-school, Venkat. (Sorry Kim, Venkat just edited my last lit journ paper, so now he's number one.) He's a brilliant writer from India and he used to be an engineer. (I like both of these details.)

In any case, Venkat alerted me to a story in the New York Times about the Freddie Mac executive who hanged himself. (Or at least, he was found hung without any evidence of foul play.) This guy, David Kellerman, was brought in as CFO after the government seized the company last September. Then he was awarded a $800,000 bonus during a time when people don't think much of these things.

This is how our chat about this went:

you know what my mother would say
in her chinese accent?



no that isnt right
much as it feels that way

i never said that my mother was reasonable, venkat!

:) alright
but seriously
the guy was employed after the collapse

this is pretty hardcore

if i may, i am going to pick out some sentences

1. 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.

2. Mr. Kellermann had received a bonus of about $800,000.

3. caused some controversy earlier this month, and some lawmakers called for them to be rescinded (*edit: lawmakers were acting on emotion)

4. Mr. Kellermann hired a private security firm after reporters came to his house to ask about his bonus. (*edit: kellerman threatened, hounded)

we drove him to suicide?
the media did it?

i dont know the details at all
but i am inclined to believe we, the greater good mob, contributed.
who is to prove suicides, after all.
they almost certainly don't have a single factor.
it's just a bloody volatile world I live in.
anyway, nuf said.
back to reading and at some point, writing about copper.
i want one hard hitting compassionate story for the financiers.
I think Venkat really does bring up some valid points. But like he said, we don't know all the details. Kellerman might have had personal problems totally unrelated to his work, or mental health issues, or there is a sliver of a chance it was foul play. But yes, the media can really make life hell for others, especially when there are so many media groups ruthlessly competing for the same stories.

Something to think on...

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