Fannie Mae-No Politics (FNMA)

[Potty]

Look what Ackman did to JCP (I think he was chairman?) and now HHC (where I know he is chairman).

In both cases Ackman hired really poorly -- hired the clown from Apple at JCP who cost boatloads and lost marketshare. Then at HHC hired a CEO who massively increased costs and turned the NYC Seaport project into a vanity project that is now a millstone, rather than the positive it should be.

People don't often remark on how well Buffett operates his companies and that he can pick good management -- he usually buys proven management and leaves them in place. Ackman has failed both times he has tried his hand at operating a business and hired badly...

I say NO to Ackman as chairman of their boards.