Reply to Fannie and Freddie

Forum Index » Jobs and Careers

Reply to "Fannie and Freddie"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Fannie paid out some crazy bonuses this year to include decent raises. [/quote]

How much? Freddie employee here[/quote]

I know someone who got $70k bonus and a 5% raise. They have been with FNMA for 12 years as a Manager level position. This person has continually received $50k - $70k annual bonus. [/quote]

I worked there and got 240K base and a 120K bonus with a 8 percent 401k match off the whole 360K

They canned me after I completed a huge multi year project where things were not in run state and need less work and replaced me a DEI figure head making 450K a year, she in turned hired someone to do my old job at 360k a year who in turn was too junior then both started hiring consultants/contractors to help with work who started billing my old dept 2 million a year.

Quite Frankly I worked really hard and long hours but at 360K I felt it was worth it. If I had to do it again. I would have worked less, spend a few million on consultants to do my job, taking credit for it then spent my 40 hours a week doing politics and backstabbing as that is how you survive.

My first year I got a 120K sign on, 240K salary and a 120K year end bonus. Year they canned me I got my full 120K bonus, by then 250K salary and 40K severance.  Which I thought was a lot but then they replaced me with a 450K person who hired a 350K person to help them run area. The money spending was crazy.

They would just take it out of the Dividend they send Uncle Sam and it was like magic money.        [/quote]

What level? Has to be VP[/quote]

Only a Director than a low level VP. If you were connect they also give LTIP. VPs they like and VPs get LTIP which is a bonus on top of a bonus. The CEO pay had a cap but not staff. We had staff making more than the CEO.

Then they are paying sign on bonuses, relocation packages back then, big severance packages, headhunter fees, high paid contactors. Huge LTIP and severance is based on levels so  some people get 4-6 weeks a year severance.

Some peoples job is mainly managing external contractors who do their job for them.       [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics