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Pay for the top 15 executives at Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) will be cut by...

Pay for the top 15 executives at Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) will be cut by 24% this year, led by plans to slash the total annual compensation for new CEOs of the housing finance giants from $6M to $500K, federal regulators say. But the huge CEO pay cuts won't be applied to the current holders of those jobs.
Comments (2)
  • how will they get by
    9 Mar 2012, 02:45 PM Reply Like
  • By staying exactly where they are at the same rates, so nothing *really* changes. This is more talk than action.

     

    Then when they retire/leave for brighter pastures, The mae and mac will be run by people who can't make more than 500k somewhere else or who are only there for other reasons (how much political leverage do these jobs hold for future use?). Why else would you work there for that much if you could earn more as a CEO elsewhere?
    9 Mar 2012, 02:54 PM Reply Like
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