Mr Cooper Group Inc (COOP)

[jackfburns]

I have no problem with board members getting paid... and I don't know what MW is set to get to be on our new board... but if he gets what he got from Mirant, I think it's excessive.

If he were to get paid his Mirant "rate", he'd make $265K/year MINIMUM. Add in his per meeting charges and a percent of litigation proceeds, and he could make a bundle.

With that in mind, one can see how it's possible that MW's resolve to hold our for an optimum settlement may have been comprimised.

We decry politicians that take posh jobs and/or board seats with companies to whom they gave lucrative contracts while in office - especially when those contracts are to the detriment of the majority of the politician's constituents.

This is no different.