Freddie and Frannie CEO's eligible for 6 Million in Bonus

Freddie and Frannie CEO's eligible for 6 Million in Bonus

PostBy: Richard S. On: Thu Dec 24, 2009 12:12 pm



http://www.businessweek.com/news/2009-12-24/fannie-freddie-ceos-may-receive-6-million-for-2009-update1-.html
This link is broken, either the page no longer exists or there is some other issue like a typo.


Dec. 24 (Bloomberg) -- Fannie Mae Chief Executive Officer Michael Williams and Freddie Mac CEO Charles Haldeman Jr. are each eligible for compensation of as much as $6 million this year, the companies said today in regulatory filings.

Pay at the mortgage-finance companies, which were seized by the U.S. in September 2008, added to debate over salaries for executives at companies dependent on government bailouts. Compensation must be sufficiently high to “attract and retain” top talent, their regulator, the Federal Housing Finance Agency, said in a statement.

Fannie Mae and Freddie Mac have tapped $111.6 billion in aid from the government, as the Obama administration made them the centerpiece of its efforts to revive the housing markets. The companies are “government agencies in all but name now,” making the pay excessive compared with that of federal officials, said Bert Ely, chief executive officer of Ely & Co.


.......and drum roll please :rimshot:

In addition to the CEO pay, 10 additional executives at the two companies are eligible collectively for $30.1 million in compensation for this year.
Richard S.
 
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Re: Freddie and Frannie CEO's eligible for 6 Million in Bonus

PostBy: gitrdonecoal On: Fri Dec 25, 2009 9:09 am

:wtf: :rambo2: :blowup: :bang: :mad2:
gitrdonecoal
 
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Re: Freddie and Frannie CEO's eligible for 6 Million in Bonus

PostBy: whistlenut On: Fri Dec 25, 2009 9:40 am

There salaries are a "REWARD" for the excellent work they have done in helping resolve our worst financial crisis in the history of the country. If you voted in the affirmative in the past election...and you are a small business, shame on you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
:wtf: :stfu: :taz: :taz:

This is the biggest 'Rob an Plunder Project' in 300 years, and done with a pen, no armament.
Colonel Tibbets....where are you now? Spinning like a gyroscope in your grave????????????????!!!!!!!!!!!!!!!!!!!!!!!!!! :poke: :help2: :help2: :help2: :help2:
whistlenut
 
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