LYCOS RETRIEVER 
Gerald J. Ford: Golden State Bancorp
built 276 days ago
The new management team will be led by Gerald J. Ford, who once ran Golden State Bancorp. Fremont will ... receive $80 million for selling a minority stake in the remaining business to a group of investors led by Mr. Ford.
Source:
Ford became known for building Golden State Bancorp Inc. into the nation's second-largest savings bank. He then sold it to Citigroup for $5.8 billion in 2002. Ford is worth $1.7 billion, according to Forbes magazine.
Source:
Fremont fell 19 percent in New York trading after Ford, the former chief executive of Golden State Bancorp, told the company he was “not prepared to consummate” an $80 million investment under terms agreed to in May. The shares have lost two-thirds of their value since Ford announced his bailout plan, Bloomberg News reported.
Source:
MORE ABOUT
Golden State Bancorp