An early warning…

December 28, 2004

Even though I’m taking some time off this week to rework my blog, I couldn’t help but note all the hullaballoo over the generous compensation packages being talked about for former Fannie Mae (FNM) executives — the same executives who made a $9 billion rounding error. Readers of footnoted.org may remember an earlier post back in August warning of the generous compensation being doled out to former CEO Franklin Raines and other top executives. Perhaps it was just a coincidence that the top three executives entered into new employment contracts this past summer. Clearly, given what’s happened over the past few months, it was brilliant timing.

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