Freddie Mac chief financial officer to receive signing bonus, salary of up to $5.5 milion

October 2nd, 2009 ALL BUSINESS: Generous pay for new Freddie Mac CFONEW YORK — The pay package given to Freddie Mac's new chief financial officer should have sent a message from Washington to corporate America about how executive compensation standards must change. Instead, it did just the opposite.

August 17th, 2009 New AIG CEO to receive $7 million annual salaryNEW YORK — American International Group Inc.'s new CEO will be paid a yearly salary worth $7 million and could earn millions more in performance-based incentives, the bailed-out insurance giant said Monday. Robert Benmosche will receive $3 million in cash and $4 million in stock under his annual compensation package, AIG said in a filing with the Securities and Exchange Commission.

August 6th, 2009 Wells Fargo increasing executives salariesNEW YORK — Wells Fargo & Co. said Thursday it is increasing the salaries for its top four executives, including CEO John Stumpf.

July 21st, 2009 Freddie Mac names new top executiveWASHINGTON — Charles "Ed" Haldeman Jr., a former mutual fund executive, will take the helm of Freddie Mac next month, the mortgage finance company said Tuesday. Three weeks ago, Haldeman, 60, stepped down as chairman of Boston-based Putnam Investments' mutual fund unit.

May 8th, 2009 Supervalu appoints Wal-Mart leader as its CEOMINNEAPOLIS — Supervalu Inc. on Wednesday announced that it has appointed Wal-Mart executive Craig Herkert as its new chief executive officer.

May 6th, 2009 Supervalu appoints Wal-Mart leaders as its CEOMINNEAPOLIS — Supervalu Inc. on Wednesday announced that it has appointed Wal-Mart executive Craig Herkert as its new chief executive officer.

May 1st, 2009 Freddie Mac pays $700K to former exec's survivorsWASHINGTON — Freddie Mac is paying out more than $700,000 to the family of David Kellermann, the mortgage finance company's former acting chief financial officer who died last week in an apparent suicide, the company disclosed Thursday. The McLean, Va.-based company said in a Securities and Exchange Commission filing that Kellermann's survivors are due to receive $703,400 in retention and stock awards.

April 26th, 2009 Steelers work out new deal with Hines WardPITTSBURGH — Wide receiver Hines Ward apparently will get his wish to finish his career with the Pittsburgh Steelers. Ward, about to enter the final season of his contract, agreed Saturday to a contract extension that will pay him a lower salary than the $5.8 million he was to make this season but will make up the money in a signing bonus.

April 24th, 2009 Former Freddie Mac CEO returning as consultantWASHINGTON — Mortgage finance company Freddie Mac, coping with the apparent suicide of its acting chief financial officer, said Friday that its former chief executive is coming back temporarily to help oversee the company's finances. David Moffett, the former government-appointed CEO who resigned from Freddie Mac in March, will return as a consultant to the company's interim CEO John Koskinen, aiding him with producing financial statements.

April 23rd, 2009 WASHINGTON - One of the top officials at the troubled US mortgage lender Freddie Mac was found dead early Wednesday at his home in the Washington suburbs, according to police. The death of David Kellermann, 41, who was the acting chief financial officer at the company, was under investigation and there were no signs of foul play, Fairfax County, Virginia, police officer Shelley Broderick told Bloomberg financial news service.

April 23rd, 2009 Thomas' deal with FIU: 5 years, $1.29 millionMIAMI — If FIU makes money on Isiah Thomas' name, the Hall of Famer will cash in as well. The former New York Knicks coach and president will earn $1.29 million in base salary and scheduled bonuses from FIU if he stays for five seasons, plus be eligible for incentives and any state-approved raises.

April 22nd, 2009 Reports: Freddie Mac official found deadWASHINGTON — David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday in what broadcast reports said was an apparent suicide. WUSA-TV and WTOP Radio reported that David Kellermann was found dead in his Northern Virginia home.

March 19th, 2009 WASHINGTON - American International Group (AIG), under fire for paying $165 million in retention bonuses using government bail-out money, is not the only government beneficiary to have spent its money that way. As AIG head Edward Liddy faced criticism on Capitol Hill Wednesday, a federal regulator defended a payment by Fannie Mae, the mortgage finance firm seized by the government last year, of $4.4 million to four top executives.

March 17th, 2009 WASHINGTON - Vikarm Pandit, the Indian American CEO of Citigroup, received a 2008 compensation valued at $10.8 million, the ailing bank that got billions of dollars in federal aid has disclosed. New York-based Citi disclosed in a regulatory filing Monday that Pandit, who said late last year he plans to take just $1 a year in salary until the bank returns to profitability, received $958,333 in salary last year, up from the $250,000 he received in 2007.

February 11th, 2009 WASHINGTON - Stung by criticism about use of billions of dollars in government aid, Citigroup's Indian American CEO, Vikram Pandit has vowed to take a token salary of $1 and no bonus until the ailing banking giant returns to profitability 'I get the new reality and I will make sure Citi gets it as well,' Pandit said Wednesday as lawmakers grilled top executives from eight of America's largest financial institutions about their apparent lack of willingness to lend despite collectively receiving $165 billion in capital. 'We will hold ourselves accountable for what we do, and that starts with me,' said Pandit, who collected a salary of $1 million last year.