The acting chief financial officer at Freddie Mac, who hanged himself yesterday, was working nonstop and had recently asked the company for a security detail, colleagues tell the New York Times. David Kellermann was struggling to balance the contradictory demands of investors, regulators, and lawmakers, and coworkers say he had lost weight and was returning home only to change clothes. On Tuesday, he requested and received a week's vacation, the Washington Post reports.
With the workload already crushing him and controversy swirling over plans to pay Fannie and Freddie executives $210 million in bonuses, Kellermann returned home one day to find camera crews parked outside. That led the CFO to request protective services for his family, fearing someone would attack his wife and 5-year-old daughter. "He had an incredible commitment to this company and trying to get the economy back on track," said one colleague. "It just doesn't make sense."