How Fannie Mae, Freddie Mac Dodged a Cap on CEO Pay
Washington Post, Apr. 22, 2019--Renae Merle
The housing companies may have found a way around a congressionally mandated pay cap. Fannie Mae and Freddie Mac created a new job--president--transferring some of the work traditionally done by the CEOs to the new positions, according to government investigators. The presidents will be paid more than $3 million each.