Fannie, Freddie executives made total of $92 million in 2011
Taxpayers had to foot the $137 billion bill for Fannie Mae and Freddie Mac four years ago and are still paying the price for it, but it seems as if Fannie Mae and Freddie Mac’s execs aren’t doing too shabby. According to a new report from the inspector general for the Federal Housing Finance Agency, the companies paid their 90 executives a total of $92 million in 2011.
The report found that 333 employees at the “vice president” level had median pay of $388,000, meaning half were paid more and half were paid less. Some 1,650 employees at the “director” level had median pay of $205,300. Those 2,000 employees account for roughly one-sixth of the workforce.