Mudd, Syron each stand to net at least $6M; critics rip 'pay for failure'
(NEWSER) - The CEOs of Freddie Mac and Fannie Mae will receive millions in severance pay, pension payouts, and other benefits after the government’s takeover of the mortgage giants, the Los Angeles Times reports. Fannie’s Daniel Mudd stands to take away $7.3 million, and Freddie’s Richard Syron will get $6.3 million—though the companies’ tanking stock makes the severance packages much smaller. More»
