Freddie Mac CEO got $19.8 million in 2007

[Contrary1]

Ain't that special?

Company loses half its value, but Syron could get $20M in stock awards

"NEW YORK - Freddie Mac Chairman and Chief Executive Richard Syron pocketed nearly $19.8 million in compensation last year, according to a Securities and Exchange Commission filing Friday, even though the mortgage company's stock lost half its value in 2007.

If Syron stays at the helm of Freddie Mac through the end of next year, he will receive nearly $20 million in stock awards if the board says he has met certain goals. This year, he is guaranteed to get $8.8 million in stock grants regardless of performance.

For 2007, Syron received a $1.2 million salary, a $3.45 million bonus, including $1.25 million to remain at the company, and $771,585 in other compensation. He also received stock and options valued by the company at $14.3 million at the time they were awarded.

The company last year picked up the tab for Syron's financial planning expenses, car and driver for commuting, home security system, business-related dining and travel costs for his wife and $100,000 in legal fees from negotiating his employment contract..."

http://www.msnbc.msn.com/id/25740405/

[elehhhhna]

1. LOL his stock grants & options are probably worthless

[BunkerHill24]

2. I recall reading something about David Gregory's wife being

a Vp at Fannie Mae!! I will double check.