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Home » Store » Legislation » New FHFA Compensation Program Would Kill Fannie, Freddie Executive Bonuses, Cut CEO Pay to $500,000

New FHFA Compensation Program Would Kill Fannie, Freddie Executive Bonuses, Cut CEO Pay to $500,000

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Legislation

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Fannie Mae and Freddie Mac executives will take home significantly less compensation during 2012, even as staffers at the taxpayer-subsidized companies will be monetarily rewarded for hitting performance goals – though they won’t be called bonuses – under a new plan unveiled late last week by the Federal Housing Finance Agency. The FHFA’s 2012 executive compensation program reduces top executive pay at the government-sponsored enterprises by nearly 75 percent from pre-conservatorship levels, while it totally eliminates bonuses and establishes a “six-figure” pay target for the executive positions...
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