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Original Content at https://www.opednews.com/Quicklink/Former-executives-at-Fanni-in-General_News-080907-200.html (Note: You can view every article as one long page if you sign up as an Advocate Member, or higher). |
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September 7, 2008
Former executives at Fannie and Freddie stand to collect big paychecks
By Amanda Lang
even after the government seized the mortgage finance companies on Sunday and dismissed their chief executives, the companies' outgoing leaders could see big paydays - a prospect that angers many investors, particularly because ordinary stockholders could be virtually wiped out. Under the terms of his employment contract, Daniel Mudd, the departing head of Fannie Mae, stands to collect $9.3 million in severance pay...
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even after the government seized the mortgage finance companies on Sunday and dismissed their chief executives, the companies' outgoing leaders could see big paydays - a prospect that angers many investors, particularly because ordinary stockholders could be virtually wiped out. Under the terms of his employment contract, Daniel Mudd, the departing head of Fannie Mae, stands to collect $9.3 million in severance pay...OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.