Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, February 21, 2007

Fannie Mae Cancels Bonuses

Fannie Mae, whose profits were overstated by $6.3 billion, announced it would not pay bonuses totalling $44.4 million to 46 current and former employees for the period 2001-04.  See WPost, Fannie Cancels Executive Bonuses and WSJ, Fannie Won't Pay $44.4 Million in Bonuses.

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