Government Work Pays

They hired a new CFO at Freddie Mac, and he is crushing the salary he was making when he worked for a company that had to turn a profit:

So you can imagine our surprise when we came across this employment contract yesterday for Freddie’s newly named CFO, Ross J. Kari. Here’s a few key bullets:

* annual compensation of $3.5 million (this includes $675K in salary, $1.6 million in something called “additional annual salary” and $1.1 million in a target incentive
* a $1.95 million signing bonus


Can you imagine the kind of bank healthcare officials would make when the government takes that over?

They are bankrupting you to make themselves rich, it is nice that so many are comfortable with the idea.

posted at 00:37:16 on 09/28/09 by clearpolitics - Category: Economics - [Permalink]

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