Fannie's CEO, Michael Williams, and Freddie's CEO, Charles "Ed" Haldeman Jr, each will receive $900,000 in salary, $3.1 million in deferred payments next year and another $2 million if they meet certain performance goals, according to filings with the Securities and Exchange Commission yesterday.
Quote:
The two chief executives of Fannie Mae and Freddie Mac could get paid up to $6 million each for 2009, despite the companies' dismal performance this year, which cost US taxpayers more than $100 billion.
Exactly which performance goals have they achieved? Just showing up for work?
__________________
Kevin Haendiges
NAHC Life Member
NRA Member
Wildlife Forever Member
GOA Member
Buckmasters Member
http://hunting-indiana.com
Huge Bonuses for Failed Fannie, Freddie Mortgage Chiefs
