People
CONTENTS:
- America's 50 Richest Paydays: Who, What and How Much
- Mortgage Company CEOs
- Most Expensive Suburbs to Live Now 2008
AMERICA'S 50 RICHEST PAYDAYS: WHO, WHAT AND HOW MUCH
If the name "Trouble" means anything to you, congratulations -- you've been paying close attention to the wealthiest windfalls last year.
The rest of us can check out Vanity Fair's listing of the 50 richest paydays in the U.S. Included are Bill Gates and his Microsoft stock, the Chandler family for their sale of the Tribune Co. and Viacom's Sumner Redstone.
As for Trouble, here's a hint: This little heir is a bit scruffy but fabulously wealthy!
http://www.vanityfair.com/politics/features/2008/04/50paydays200804
So who else has been making money lately? The U.S. House Oversight Committee has held hearings on the earnings and perks of mortgage company executives while their companies were suffering multibillion-dollar losses. You might not want to read these articles if your own mortgage is stretched to the limit, but if one of these execs is your prospect, you'd better take a look.
Angelo Mozilo, CEO of Countrywide Financial, Stanley O'Neal, former CEO of Merrill Lynch and Charles Prince, former CEO of Citigroup, received more than $460 million in compensation from 2002 through 2006 and sizable severance packages in 2007.
Some of the news about the hearings can be found at:
http://money.cnn.com/2008/03/06/news/exec_comp/index.htm?cnn=yes
http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080307/REG/743272558/1036
http://www.npr.org/templates/story/story.php?storyId=87991825
MOST EXPENSIVE SUBURBS TO LIVE NOW 2008
When you're running your next check of prospects who live in the wealthiest zip codes, you might want to look harder at the suburbs mentioned by Business Week in this article. According to the article's author, the people who live in these ‘burbs are probably paying too much for their homes and might not be feeling as secure as they did previously. Some of the wealthiest places, such as Atherton, California and Scarsdale, New York, may be so wealthy as to be largely immune from economic woes; however, some people in Leawood, Kansas, have been hurt by layoffs at Sprint.
http://www.businessweek.com/lifestyle/content/feb2008/bw20080229_643607.htm
Click through the slideshow to get details including median home price, cost of living index, transportation cost index and population for these areas.
Pam Patton
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