Fannie Mae and Freddie Mac executives won’t be receiving bonuses anymore, and new CEO pay will be capped at $ 500,000 as part of an FHFA executive compensation program, according to FHFA 2012 Conservatorship Scorecard released by Acting Director Edward J. DeMarco on Friday. The new $ 500,000 CEO cap does not apply to chief financial officers, and current CEOs won’t have their salaries cut back to $ 500,000. Total direct compensation for executives will be reduced by 10 percent, with a few exceptions for executives already positioned at a low percentile or for recent hires, according to the report.
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