Tuesday, December 28, 2004

USATODAY.com - Ousted Fannie executives could still collect millions

USATODAY.com - Ousted Fannie executives could still collect millions: "Ousted Fannie executives could still collect millions
By Matt Krantz, USA TODAY
Squelching speculation about how much its deposed top executives will walk away with, Fannie Mae on Monday spelled out the severance it plans to pay the two it forced out following an accounting scandal.
The benefits range from a $1.4 million-a-year pension payment for life to former CEO Franklin Raines, 55, to stock options for Raines and former chief financial officer J. Timothy Howard, 56. "

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