Acting Freddie Mac CFO commits suicide

iVillage Member
Registered: 02-19-2008
Acting Freddie Mac CFO commits suicide
4
Wed, 04-22-2009 - 9:58am

Some of these poor guys may be in a very untenable situation. Lets hope our government can help upper management of these government giants to cope with the stress.

May his soul find peace, and may god comfort his family.

http://www.wtopnews.com/?sid=1657033&nid=25

Acting Freddie Mac CFO commits suicide

David Kellermann, acting chief financial officer of Freddie Mac, committed suicide in his Hunter Mill Estates home Wednesday morning.

Fairfax County Police spokeswoman Mary Anne Jennings tells WTOP police responded to the Kellermann home after family members called police around 5 a.m.

"We were called from inside the house to come investigate an apparent suicide," Jennings says.

"We're not going to give you details of the condition of the body, except to say it was an apparent suicide."

Because of legal ramifications, Jennings says she can't describe the nature of the suicide. A medical examiner will make the final determination that the death was a suicide.

Police on the scene tell WTOP Kellermann's body was found downstairs, but would not say exactly where.

The Kellermann home, which has two floors above ground and a three-car garage, sits on the corner of Raleigh Hill Road and Brittenford Drive in picturesque Hunter Mill Estates, a neighborhood of single-family homes outside of Vienna, just over the border from Reston. According to Fairfax County tax records, Kellermann's home is assessed at $898,440.

Neighbors tell WTOP they are surprised to hear about Kellermann's suicide.

"I'm in total shock. This is a wonderful family. This is the last thing I would have ever expected," says Susan Ungerm who lives across the street from Kellermann.

Kellermann, 41, had has been with Freddie Mac for more than 16 years.

He had been named acting chief financial officer in September 2008, taking over after Anthony "Buddy" Piszel resigned. Freddie Mac's CEO David Moffett resigned last month.

Government-controlled Freddie Mac, based in McLean, has been criticized heavily for reckless business practices. Some say those practices contributed to the nation's housing and financial crisis. Freddic Mac owns or guarantees about 13 million home loans.

As CFO, Kellermann was responsible for the company's financial controls, financial reporting and oversight of the company's budget and financial planning.

Freddie Mac has declined to comment on Kellermann's death.

iVillage Member
Registered: 03-18-2000
Wed, 04-22-2009 - 10:18am

From ABC news.......

Police Found Freddie Mac CFO Dead by Hanging
http://abcnews.go.com/Business/story?id=7399376&page=1

Econo-cide: Financial Woes Turn Deadly
Recent Suicides and Murders Linked to Job Losses and Evictions

http://abcnews.go.com/print?id=6765383

bird-1.jpg New picture by 1944misty

 


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iVillage Member
Registered: 03-26-2003
Wed, 04-22-2009 - 8:20pm

"Some of these poor guys may be in a very untenable situation. Lets hope our government can help upper management of these government giants to cope with the stress."


I agree they need help, but so does John Q. Public, who has a home

 
Avatar for ddnlj
iVillage Member
Registered: 03-26-2003
Thu, 04-23-2009 - 8:23am

Just maybe the high pressure, high power, make-a-zillion-dollar jobs aren't as wonderful as we're made to believe they are. Gotta have that big pay, that big title, that big house, that big car - and that big stress that comes with it. Living large may actually mean living in some alternate reality.


Happiness may, in fact, come with having less. Happiness does, in fact, come from contentment. Meet someone who is content with who they are, where they are, and what they have and you'll meet someone who is happy.


What a sad place in life Mr. Kellerman must have been in to abandon his wife and young children like he did. Why didn't he abandon the job instead? Would his family have loved him any less if they didn't live in a nearly million dollar home? Would they have loved him less if he worked at Home Depot instead of Freddy Mac?

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Avatar for claddagh49
iVillage Member
Registered: 07-20-2004
Thu, 04-23-2009 - 8:50am
I agree! But unfortunately for some money and power is the means to be successful. At least he didn't kill his family first like so many men have done lately.