Jul 21, 2008
Fannie, Freddie CEOs hanging in
21 Jul 2008
Posted by Andrew Kantor
I was glad to see (per ABC News) that Daniel Mudd and Richard Syron (CEOs of Fannie Mae and Freddie Mac, respectively) are able to weather the mortgage crisis that has, effectively, forced their companies to ask for a government bailout.
Daniel Mudd, the CEO of Fannie Mae, received $11.6 million in salary, stock and other compensation for 2007. Richard Syron, CEO of Freddie Mac, took home about $18.3 million last year.
These guys have a lot to worry about these days, and I prefer that they concentrate on running their companies, rather than worrying where their next meal is coming from.