Why is AIG such a big deal and not Fannie & Freddie?
I found the following thru NewsMax.com
In a way, I don't blame the people that got the bonuses.
I blame the people in charge, starting with Congress. And, what is this argument of "retention?" WHERE in the heck will they find another job??
That is the most ridiculous thing I have ever heard! Retention? ha!
Are they as outta touch with reality as Obama?
They all make me sick. Especially Congress. Their pay should be taxed by 90%!
They are extremely over-paid, only work p/t, vote on their own raises and have a huge pension plan.
What kind of system is that?
And, hey, I'm a republican with a small business. VERY small NOW!
I am not against the rich, just the lying, greedy, lazy, irresponsible, ignorant ones!
Starting with Obama! What a slacker to leave Washington and take his "dog & pony"
show on the road. WHAT is he thinking????
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Michael Williams, Washington-based Fannie Mae's executive vice president and chief operating officer, is due to receive a $611,000 retention award this year on top of his $676,000 base salary.
Williams received a $260,000 retention bonus last year and is in line for another $429,000 next February, for an expected total of $1.3 million, according to the SEC filing.
David Hisey, the company's deputy chief financial offer, is expected to receive a $517,000 retention award this year in addition to his $385,000 salary and $160,000 cash bonus. He received a $220,000 retention award last year and is due to receive $363,000 next February, for a total of $1.1 million.
The other two executives receiving the bonuses are Thomas Lund, who oversees the company's single-family mortgage business and Kenneth Bacon, who heads up housing and community development. Both are receiving about $1 million.
The company's two top executives, Chief Executive Officer Herbert Allison and Chief Financial Officer David Johnson, did not receive the awards because they were new to the company last year. Allison is taking no salary, while Johnson is receiving a base salary of $625,000 and no bonus.
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