The general counsel of US mortgage giant Fannie Mae is set to receive almost $3m (£1.9m) in pay and bonuses after the US Goverment announced it will provide uncapped support to the company over the next three years, reports Corporate Counsel.
Fannie Mae GC Timothy Mayopolous – who was fired as legal chief of Bank of America last year during the Merrill Lynch merger talks – is set to earn up to $2.95m (£1.85m), including an incentive bonus of nearly $1m (£630,000), according to regulatory filings.
