Let them stay or let them go but enough with these retention bonuses for failed businesses who are living on government handouts.
Mortgage giants Fannie Mae and Freddie Mac expect to pay about $210 million in retention bonuses to 7,600 employees over a year and a half, The Wall Street Journal reported Friday. The top retention bonus for any individual executive under the plan will total $1.5 million during the 18 months ending in early 2010, according to the report, which cited a letter from the mortgage firms' regulator.
