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Tag Archives: incentives
In 2002 Fannie Mae gave CEO Franklin Raines a salary of just under $1 million, a bonus of $3.3 million, stock options worth $6.7 million, and a “long-term” incentive payment of $7.2 million. These non-salary payments were each geared to Full entry→
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How Bonuses Promote Excessive Risk-Taking
Head I win tails you lose compensation boosts risk-taking