Wednesday's story about former MBIA Inc. chief executive officer Gary Dunton's severence package included several inaccuracies. It should have said the company will pay Dunton a cash severance of $2.8 million, accelerate the vesting of his $1.1 million of restricted stock, and that his efforts were partly responsible for the removal of MBIA's rating from negative watch.
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A March 12 story on the Michigan Municipal Bond Authority included an incorrect rating for its School Loan Revolving Fund bonds. They are currently rated AA-minus/F1-plus by Fitch Ratings.
