Description of Chief Executive Officer’s Compensation for David M. Moffett at Freddie Mac
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This document outlines the interim compensation arrangement for David M. Moffett, who became Chief Executive Officer of Freddie Mac on September 7, 2008. The Federal Housing Finance Agency, acting as Freddie Mac’s conservator, has not yet finalized Mr. Moffett’s full compensation package. Until a final determination is made, Mr. Moffett will receive a base salary of $900,000 per year.
EX-10.5 6 f65508exv10w5.htm EXHIBIT 10.5 exv10w5
Exhibit 10.5
Description of Chief Executive Officer’s Compensation
Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation) has been advised by the Federal Housing Finance Agency, acting as Freddie Mac’s conservator, that the compensation arrangements for David M. Moffett, who became Freddie Mac’s Chief Executive Officer on September 7, 2008, have not been determined. Pending a determination with respect to Mr. Moffett’s compensation arrangements, he is receiving a base salary at the rate of $900,000 per year.
