While employees get fired. Execs are getting increases.
Executive Officer Compensation Changes
On June 13, 2025, the U.S. Federal Housing FHFA (the Federal Housing Finance Agency), as Conservator, approved changes to the compensation of Michael T. Hutchins, President and Interim CEO, under the Executive Management Compensation Program. This compensation change is in respect of his role as President; he is not receiving additional compensation for his service as our Interim CEO. His base salary remains unchanged at $600,000. His fixed deferred salary is $3,250,000 and his at-risk deferred salary is $1,650,000 effective April 7, 2025; and his fixed deferred salary will be $4,300,000 and his at-risk deferred salary will be $2,100,000 effective April 6, 2026.
4 replies (most recent on top)
@cz looks like I poked the bear, about to go down for his long hibernation. I can speed that process up for you if you would like.
@cm you still living in your parents basement? It's going to be tough if they lay you off and you have to drive for Uber.
@bp George Carlin? You must be ancient and in that club. It’s more like a club of the walking dead. Mike Hutchins looks like he is about to keel over.
Sweet deal. As George Carlin said it, it's a big club and you ain't in it.