Freddie Mac's CFO's pay package sends the wrong message

Updated

Imagine seeing this headline one morning over breakfast: Treasury Secretary Tim Geithner to get a $2 million "signing bonus" and $1.6 million in additional annual salary. How many seconds would it take before your needed to pop your favorite brand of anti-anxiety medication?

The truth is that as Treasury Secretary, Geithner makes $191,300 a year. And while there's no doubt plenty of perks, there was no signing bonus or the ridiculous sounding "additional annual salary."

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