US finance bosses lose millions in compensation

The axed chief executives of America’s mortgage giants Fannie Mae and Freddie Mac will be barred from severance payments of up to £12m (€15.1m).

US finance bosses lose millions in compensation
Mon, 15 Sep, 2008 - 16:38

The axed chief executives of America’s mortgage giants Fannie Mae and Freddie Mac will be barred from severance payments of up to £12m (€15.1m).

The federal government said today it will not pay the “golden parachutes” of former Fannie Mae head Daniel Mudd and former Freddie Mac boss Richard Syron.

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CourtsBusinessHeathrowPlace: USPlace: AmericaPerson: Daniel MuddPerson: Richard SyronPerson: Senator Charles SchumerPerson: FanniePerson: FreddiePerson: MuddPerson: SyronOrganisation: Fannie MaeOrganisation: Freddie Mac
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