Accessibility Menu
 
Arrow-Thin-Down
S&P 500
6,987.95
+0.3%
+20.57
Arrow-Thin-Down
DJI
48,350.99
-0.4%
-185.00
Arrow-Thin-Down
NASDAQ
23,814.62
+0.7%
+175.54
Arrow-Thin-Down
Bitcoin
$74,436.00
-1.8%
-$1,393.70
Arrow-Thin-Down
AMZN
$247.40
-0.7%
-$1.62
Arrow-Thin-Down
GOOG
$331.05
+0.1%
+$0.47
Arrow-Thin-Down
META
$673.47
+1.7%
+$10.98
Arrow-Thin-Down
MSFT
$405.72
+3.2%
+$12.61
Arrow-Thin-Down
NVDA
$199.41
+1.5%
+$2.90
Arrow-Thin-Down
TSLA
$376.94
+3.5%
+$12.74
Most Active StocksDaily Stock GainersDaily Stock Losers

Iconic Annaly Capital CEO Passes Away

Two Fools discuss.

By Matt Koppenheffer – Oct 22, 2012 at 5:45PM EST
On Sunday, October 21st, 2012, Annaly Capital (NLY +0.29%) founder and former CEO passed away after battling cancer. His longtime associate, Wellington Denahan-Norris was appointed co-CEO earlier this month, prior to Farrell's death. Denahan-Norris also manages Chimera (CIM +0.07%) and CreXus (NYSE: CXS)

Farrell was a highly respected source of insight on the mortgage bond market and his comments on the quarterly Annaly calls, as well as his quarterly "insights" posts on Annaly's website, were closely watched. With Farrell at the helm, Annaly's stock has been a monster performer since its late-90s IPO. However, it does look like the company is being left in capable hands.

Read Next

About the Author

Matt Koppenheffer
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.
TMFKopp
X@KoppTheFool

Stocks Mentioned

Annaly Capital Management Stock Quote
Annaly Capital Management
NYSE: NLY
$22.47
(+0.29%)+$0.07
Chimera Investment Corporation Stock Quote
Chimera Investment Corporation
NYSE: CIM
$13.57
(+0.07%)+$0.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services