Herb Allison Gets Promotion and a Raise to Run TARP
The President has nominated Fannie Mae CEO Herb Allison to take the helm of the U.S. Treasury’s Troubled Asset Relief Program.
- The Wall Street Journal reports on the nomination.
The 65-year old former chairman of TIAA-Cref and Merrill Lynch executive will probably get a raise. He’s been taking no salary in his current job, running Fannie Mae since September, when the Fannie and Freddie Mac got put under government conservatorship.
April 18, 2009 | Filed Under Financial Crisis
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Yes, I’d say that if he currently draws no pay, then he’ll probably get a raise.