Pressure on Freddie Exec Was 'Relentless'

Colleagues say Kellermann lost weight, barely went home
By Jason Farago,  Newser Staff
Posted Apr 23, 2009 5:53 AM CDT
Pressure on Freddie Exec Was 'Relentless'
The home of David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, is seen in Vienna, Va., Wednesday, April 22, 2009, after he was found dead at his home Wednesday morning.   (AP PhotoLuis M. Alvarez)

(Newser) – 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."
(Read more recession depression stories.)

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