1. Coming Home to Roost.
- Author
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Bajaj, Vikas and Bernard, Tara Siegel
- Subjects
- *
EMPLOYEE ownership , *EMPLOYEES , *GOVERNMENT policy , *MORTGAGE loans , *AWARDS - Abstract
Fannie Mae's workers had $116 million in the employee stock ownership plan at the end of 2006. Today, it's more like $17.5 million. Ouch. The employees of Fannie Mae, and those of its counterpart Freddie Mac, are reeling from financial blows themselves as the mortgage finance companies lurch toward what could be a government bailout. Both firms ladled out hefty servings of stocks and options to reward and compensate employees -- making them popular employers for years. [ABSTRACT FROM PUBLISHER]
- Published
- 2008