FHFA Caps Fannie, Freddie Execs' Pay

Law360, New York (March 9, 2012, 1:06 PM EST) -- New compensation standards announced Friday by the federal regulator overseeing Fannie Mae and Freddie Mac would eliminate executive bonuses and cap CEO salaries at about $500,000, after congressional outrage over bonus payments at the failed mortgage giants.

The Federal Housing Finance Agency said that its 2012 compensation plan for Fannie and Freddie would represent a 75 percent cut for the two companies' top executives since they were placed under federal conservatorship in 2008, and would come in far below what similarly placed executives are paid at...
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