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Coming Home to Roost.

Authors :
Bajaj, Vikas
Bernard, Tara Siegel
Source :
New York Times. 8/29/2008, Vol. 157 Issue 54417, p1. 0p.
Publication Year :
2008

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]

Details

Language :
English
ISSN :
03624331
Volume :
157
Issue :
54417
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
34050614