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General News    H3'ed 7/21/08  

CEO Salaries Weather Mortgage Crisis

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John Lorenz
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CEO Salaries Weather Mortgage Crisis
CEOs of Fannie Mae and Freddie Mac last year reaped roughly $30 million in salary, incentives and other perks, despite setting their banks on courses which now require government bailouts. This is corporate welfare at it's finest. Companies have all the resources to make educated decisions but if they are foolish and wasteful the taxpayers are forced to bail them out.
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I live in the Pacific Northwest and I am interested in current affairs.
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