Big Severance Packages Await Fannie, Freddie CEOs

Published September 9, 2008 at 6:00 AM EDT

The government takeover of mortgage finance companies Fannie Mae and Freddie Mac has cost CEOs Daniel Mudd and Richard Syron their jobs. But Fannie Mae's Mudd could collect more than $9 million for leaving, while Syron could receive exit pay of more than $14 million.

Other Wall Street CEOs have received even larger packages when leaving firms battered by the housing slump. Still, the Fannie and Freddie packages are likely to draw fire from politicians and critics of high corporate pay.

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

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