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Freddie's Buddy

Buddy Piszel earned his stripes fixing troubled Health Net and helping take Prudential public. Can he repeat his successes at Freddie Mac?

By Beth Karlin | Updated on June 01, 2007

In November, when Anthony “Buddy” Piszel became Freddie Mac’s executive vice president and CFO, he was accustomed to scandals. As the former CFO of Health Net Inc., he helped to turn around the $12 billion managed healthcare provider after a billing crisis.

If he could fix the financials of a troubled company in an industry struggling with heavy regulation and unpaid receivables, Freddie Mac reckoned he was just the man to help the government-sponsored mortgage guarantor emerge from an accounting scandal that forced it to upwardly restate more than $5 billion in annual earnings.

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