![]()
NEW YORK (Fortune) -- Supposedly, the departure of Sallie Mae CEO Tim Fitzpatrick, which was announced Tuesday, is a way for the embattled student loan giant to improve its image in Congress. This is critical, because both Democrats and President Bush want to slash the rich subsidies that student lenders, including Sallie Mae (Charts, Fortune 500), receive. That's obviously not in Sallie's best interest, particularly given Sallie's pending $25 billion ...
More