Executive Compensation at Fannie Mae: A Case Study of Perverse Incentives, Nonperformance Pay, and Camouflage

Bebchuk, Lucian A.; Fried, Jesse M.
June 2005
Journal of Corporation Law;Summer2005, Vol. 30 Issue 4, p807
Academic Journal
The article examines issues on executive compensation at Fannie Mae in the United States, focusing perverse incentives, nonperformance pay and camouflage. Problems arise regarding Fannie Mae's executive pay arrangements, specifically during the period 2000 to 2004 including perverse incentives, soft landing, pay decoupled from performance and camouflage.


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