Fannie and Freddie CEOS to get up to $6M in pay - Spokane, North Idaho News & Weather KHQ.com

Fannie and Freddie CEOS to get up to $6M in pay

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  • New study reveals details of executive compensation

    New study reveals details of executive compensation

    Richard Fuld walked away from a bankrupt Lehman Brothers with $541 millionRichard Fuld walked away from a bankrupt Lehman Brothers with $541 million
    WASHINGTON. - Critics of executive pay have more reason to be angry.>>
    WASHINGTON. - Critics of executive pay have more reason to be angry. A new study has found that executives at two firms - Lehman Brothers and Bear Stearns - walked away with huge payouts even as their shareholders were losing almost everything. In the new study, 'Wages of Failure,' experts at Harvard Law School found that top executives of the two companies came out just fine.>>
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    Administration, Congress seek to rein in exec pay

    Administration, Congress seek to rein in exec pay

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    WASHINGTON. - Some Democratic lawmakers are saying the Obama administration's approach to reducing executive compensation doesn't go far enough.>>
    WASHINGTON. - Some Democratic lawmakers are saying the Obama administration's approach to reducing executive compensation doesn't go far enough. The administration rejects direct intervention in corporate pay decisions and plans to seek legislation that would try to rein-in compensation at publicly traded companies through shareholder votes. Republicans say the administration's plan goes too far and 'we need to get government out of businesses.'>>

NEW YORK, N.Y. - The top executives of Fannie Mae and Freddie Mac could get paid as much as $6 million for 2009, despite the companies' dismal performance this year.
     
Fannie's CEO, Michael Williams, and Freddie CEO Charles "Ed" Haldeman Jr. each will receive $900,000 in salary, $3.1 million in deferred payments next year and another $2 million if they meet certain performance goals, according to filings with the Securities and Exchange Commission on Thursday.
     
The pay packages were approved by the Treasury Department and the Federal Housing Finance Agency, which regulates Fannie and Freddie.
     
Fannie and Freddie, which were seized by regulators in September 2008, have needed $111 billion in taxpayer money to stay afloat.

The news of the chief executives' pay could spark new criticism about the government's numerous bailouts.

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  • Coeur d'Alene Police investigating school shooting threat made on Snapchat

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    COEUR D'ALENE, Idaho - Coeur d'Alene Police are investigating a reported school shooting threat at Coeur d'Alene High School. A spokesperson for the district said that the threat was written on a napkin and shared  on Snapchat. It says: "CHS school shooting 10-19-18. Be ready." Police tell us that while they are still investigating whether the threat is credible, they do not believe the CHS that the note mentions is referring to Coeur d'Alene High School.

    >>

    COEUR D'ALENE, Idaho - Coeur d'Alene Police are investigating a reported school shooting threat at Coeur d'Alene High School. A spokesperson for the district said that the threat was written on a napkin and shared  on Snapchat. It says: "CHS school shooting 10-19-18. Be ready." Police tell us that while they are still investigating whether the threat is credible, they do not believe the CHS that the note mentions is referring to Coeur d'Alene High School.

    >>
  • Candlelight vigil to be held on Sunday for teenage shooting victim, Eddie Daniels

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    A vigil is scheduled for Eddie Daniels, a 15-year-old shot and killed in downtown Spokane on Wednesday. The memorial will be at 115 E. Pacific Avenue in Spokane. It's open to the public and free to attend. Donations will be collected for Daniel's family to help with funeral costs. "All donations are going to the family, to mom, to help for any need acquired through this tragedy," Chris Hart, an organizer, said. The vigil is also organized by Jeff Ross, the City Life..

    >>

    A vigil is scheduled for Eddie Daniels, a 15-year-old shot and killed in downtown Spokane on Wednesday. The memorial will be at 115 E. Pacific Avenue in Spokane. It's open to the public and free to attend. Donations will be collected for Daniel's family to help with funeral costs. "All donations are going to the family, to mom, to help for any need acquired through this tragedy," Chris Hart, an organizer, said. The vigil is also organized by Jeff Ross, the City Life..

    >>
  • Texas police identify woman, child in doorbell video

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    SPRING, Texas - Authorities in Texas say a woman who left a toddler alone on a stranger's doorstep could face charges of felony child endangerment.

    >>

    SPRING, Texas - Authorities in Texas say a woman who left a toddler alone on a stranger's doorstep could face charges of felony child endangerment.

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