What are the Sandlers up to?
September 10, 2009 | Center for Responsible Lending | Comments (0)From a Financial Times story today, “Golden couple refuse to shoulder blame”:
The Sandlers were seen as selling out at the top of the market, taking home a cool $2.3bn in cash and Wachovia stock for their stake in the company.
—–
The Sandlers, for their part, have continued vigorously to defend their role in the mortgage business – rejecting suggestions that the Golden West portfolio was solely responsible for Wachovia’s fall from grace.
—–
The Sandlers declined to comment. The former chief executives, now in their late 70s, are focused on philanthropic work in support of causes such as the American Asthma Foundation and the Center for Responsible Lending, a non-profit organisation fighting predatory lending practices.
Comments»
No comments yet.