One other thing: be a mensch and pay your personal legal bills rather than sticking the people with the tab like the gang over at Fannie Mae did.
Gretchen Morgensen wrote
this weekend all about how Fannie's top execs were sued by the government this year for overdoing it on the bonus pool. This after a government report that put it out there in scathing black and white: “The conduct of (CEO Franklin D.) Raines, chief financial officer
J. Timothy Howard, and other members of the inner circle of senior executives at Fannie Mae was inconsistent with the values of responsibility, accountability, and integrity."
Leanne Spencer, the former controller at Fannie, joined Franklin and Howard as a defendant in the suit, which describes how the lender cooked the books from 1998 to 2004. Raines, Howard and Spencer agreed to a $31.4 million settlement, although the government had sought a $100 million fine and $115 million in restitution. Why these three aren't in jail is beyond me. The best part of the caper, as Morgenson tells it, is how the Fannie brass stuck the rest of us with their lawyer fees: "Between Sept. 6, 2008, and July 21, we taxpayers spent $2.43 million to defend Mr. Raines, $1.35 million for Mr. Howard, and $2.52 million to defend Ms. Spencer."
Crafty, yes. Decent? Hmmmm ...