WASHINGTON - Top Freddie Mac executives continued to beat their
All three top executives at Fannie Mae made more money in 1994 than
But the pay gap between the chairmen of the two government-sponsored
Fannie Mae's chairman, James A. Johnson, made 1.7 times as much as Mr.
At Fannie Mae, Mr. Johnson, was awarded $3.8 million in salary, bonus,
At Freddie Mac, Mr. Brendsel received $2.2 million in salary, bonus,
Mr. Johnson's pay packet fell by 27% from its 1993 level, while Mr.
Mr. Johnson's options of Fannie Mae stock are valued at $1.4 million.
Mr. Brendsel's options of Freddie Mac stock are valued at $456,532.
Lawrence M. Small, president and chief operating officer at Fannie Mae,
Mr. Small was also awarded options of Fannie Mae stock valued at
Franklin D. Raines, vice chairman of Fannie Mae, received $2.4 million
Mr. Raines was also awarded stock options valued at $787,397.
At Freddie Mac, David W. Glenn, president and chief operating officer,
Mr. Glenn was awarded stock options valued at $344,779.
The fourth-ranked and fifth-ranked executives at Fannie Mae were each
J. Timothy Howard, executive vice president and chief financial officer
Robert J. Levin, Fannie Mae's executive vice president of marketing,
Freddie Mac executive vice president Michael K. Stamper received