Freddie Mac revealed that Layton will step down, with his successor taking over the role on July 1. Read the full story here.
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Fannie Mae and Freddie Mac CEOs Receive Multi-Million Dollar Pay Increases
The SEC outlined that Fannie Mae and Freddie Mac CEOs' direct compensation will consist of an annual base salary of $750,000, fixed deferred salary at an annual rate of $2.05 million, and at-risk deferred salary with an annual target amount of $1.2 million, totaling $4 million. The at-risk deferred salary is based on performance and can be reduced. These amounts will be prorated for 2015 and both executives have the same structure that applies to other executives within the GSEs.
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