Fannie, Freddie CEO Pay Could Spur Legislation -- Market Talk
DOW JONES & COMPANY, INC. 8:16 AM ET 7/2/2015
9:16 EDT - Fannie (FNMA) and Freddie (FMCC) yesterday announced their CEOs' annual target compensation would rise to $ 4M from $600K under a change approved by FHFA chief Mel Watt. The move could improve the chances that lawmakers approve some form of targeted legislation related to the GSEs, says Isaac Boltansky of Compass Point Research--possibly including restrictions to comp or a broader bill which would forbid Treasury from disposing of its stake in the companies without Congress' approval. Rep. Ed Royce (R., Calif.) said yesterday he would advance legislation on the CEO- pay issue. (email@example.com; @joelight)
(END) Dow Jones Newswires
Copyright (c) 2015 Dow Jones & Company, Inc.