<< Read Full Article
<< Read Full Article
Sallie Mae Execs' Handsome Payday
The chief executive of taxpayer-aided student loan company Sallie Mae (SLM Quote) could make as much as $257 million from its sale.
Tim Fitzpatrick's windfall will come as a result of the $25 billion takeover that he negotiated with Bank of America (BAC Quote), JP Morgan Chase (JPM Quote) and two private-equity firms. The deal was announced over the weekend.
His predecessor and current chairman Albert Lord may make even more than Fitzpatrick. Details were unclear Tuesday night. Sallie Mae could not be reached for comment. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet