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megimoo
12-24-2009, 01:22 PM
Fannie Mae just filed its 8-K outlining the compensation packages to be paid to its officiers.

Name &Title,2009 Base Salary, 2009 Bonus, 2009 LT Incentive
....................
Michael J. Williams, President & CEO $900,000 $3,100,000 $2,000,000
(6 million/yr)
..........................
David M. Johnson, EVP & CFO $650,000 $1,700,000 $1,150,000
...........................
Kenneth J. Bacon, EVP—Housing & Community Dev. $475,000 $1,125,000 $800,000
..............
David C. Benson, EVP—Capital Markets $500,000 $1,369,667 $930,333
..................
David C. Hisey, EVP-Deputy CFO $425,000 $1,045,000 $730,000
...............
Timothy J. Mayopoulos, EVP, General Counsel & Sec. $500,000 $1,469,667 $980,333
.......................
Kenneth J. Phelan, EVP & Chief Risk Officer $500,000 $1,369,667 $930,333
...................
http://www.sec.gov/Archives/edgar/data/310522/000095012309073307/w76668e8vk.htm

Comments:
Keep in mind that Bacon has been w/Fannie since '99; Benson since '02; Hisney since 05; and Williams since 99. They were all there in senior positions during the debacle.This is a GSE that is still in trouble but handing out multi-million dollar bonuses is OK, as long as your a Democrat.