Bill Maloni Back in the Big-Time: Super-Store Aisle 6 — the Magazine Rack

  • Published: January 17th, 2009
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… All those phrases were used to describe a man you may never have heard of: Jim Johnson, the C.E.O. of mortgage giant Fannie Mae in the 1990s. Fannie was then one of the largest, most profitable companies in the world, with a stock-market value of more than $70 billion and more earnings per employee than any other company in America. (By comparison, G.M. at its peak, in 2000, was worth only $56 billion.) On one level, Johnson, now 65 years old, was just another businessman with a lot of money and multi-million-dollar houses in desirable locations from D.C. to Sun Valley, Idaho, to Palm Desert, California. Chairman of D.C.’s premier arts venue, the Kennedy Center, and one of its top think tanks, the Brookings Institution, Johnson was out “wearing white-tie and black-tie every night,” says Bill Maloni, Fannie’s former chief lobbyist. “Everyone wanted a little bit of Jim.”[1]

Click the above pic to go to the current VF issue, the below to go to the article.[1]

Congratulations to an old Doom friend :)

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[1]: "Fannie Mae’s Last Stand", by Bethany McLean, Vanity Fair, February Issue.

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