Replies to post #239535 on Fannie Mae-No Politics (FNMA)

[Dollars1]

did anyone find out what the board of directors are paid? and who pays it?

[chessmaster315]

READING BETWEEN THE LINES, the Fannie Boss is taking 2 million in cash and about another 1.2 million in options per year.

So, this suggests the boss, giving up about 1/3 of his pay for options, thinks the stock is not worthless, or else why would he want $1.2 million of worthless options?
If the stock goes to zero, then the options would be worthless.

However, if the stock gets released from cship and goes up to $40, then those options are gold, and not golden peanuts, either.

You would think the fannie boss is in the best position to know whats happening with the stock. Who else would know better?

Finally, its clear this is ABOUT MONEY. Guys who make 3 million a year usually dont do this because this is a job they love regardless of money.

Most bosses are in the height of their career, and are looking to build a nice nest egg retirement. These options would do just that.