Wednesday, January 23, 2013

Spotlight on big paychecks at Fannie and Freddie, again | Synopsis

Spotlight on big paychecks at Fannie and Freddie, again

ALIA National Advisory Council meeting Fannie Bay DSC
ALIA National Advisory Council meeting Fannie Bay DSC by Stephen Barnett
License (according to Flickr): Attribution License
Excerpt:

A report released Monday by a government watchdog reveals the top 90 employees, excluding the CEOs, received an impressive $92 million in pay last year at Fannie and Freddie -- companies that are propped by taxpayer money. Top employees' pay remained at stratospheric levels even though overall compensation declined after bonuses were eliminated last year, according to the Inspector General of the Federal Housing Finance Agency, which supervises and regulates Fannie and Freddie. The median paycheck of the top 23 executives at Fannie and Freddie totaled $1. 72 million in 2011, a 9% decline from the previous year. The next 62 executives took home $723,000, a decline of 5%. Even high-ranked federal government employees don't make close to these numbers, which are more comparable to top salaries in the private sector.

People:

Fannie

Overall Sentiment: -0.0651743

Relevance: 0.900815

Freddie

Overall Sentiment: -0.0977704

Relevance: 0.826153

Freddie halt

Overall Sentiment: 0

Relevance: 0.307202

Kelli Parsons

Overall Sentiment: 0.239497

Relevance: 0.196146

Additional Info:

Company: Fannie Mae

Overall Sentiment: 0.183479

Relevance: 0.499257

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