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Former SIFMA leaders receive hefty exit pay

Co-leaders collected millions in pay and severance after leaving the merged group Despite a soft financial position in 2007 at the Securities Industry and FinancialMarkets Association, key executive staff cashed out of the trade group with large pay packages, including one that topped $1 million, according to SIFMA’s 2007 tax forms, just released by the IRS. Micah S. Green, former co-CEO, received $1.1 million in severance pay, in addition to $244,594 in compensation he received before his departure. The other co-leader, Marc Lackritz,retired from SIFMA in August 2007 and made $1.1 million, plus $298,734 in benefits and deferred compensation. Lackritz spent 15 years as CEO… Read More