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Home » Store » Taxable » Contract Changes Make it Easier to Fire Fannie Execs

Contract Changes Make it Easier to Fire Fannie Execs

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Taxable

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Recent revisions to the termination packages for top Fannie Mae officials will apparently make it easier for the company to fire them “for cause,” and might limit the pay they can take with them. The changes were made days before a regulator’s report surfaced that accused the GSE of engaging in questionable accounting procedures and blamed top Fannie officials for valuing stable earnings over proper disclosures and internal controls. The errors called into question the firm’s…
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