Freddie Mac / FRE
Freddie Mac's trading floor. (Photo: Courtesy of company.)
About Freddie Mac
8200 Jones Branch Dr., McLean, Va. 22102
www.freddiemac.com
| 703-903-2000
| Founded: 1970
Industry: Financial Services | Category: Top 100 Companies
Freddie Mac, which operates under a federal charter, packages mortgages into securities. It also invests in mortgages, freeing up funds for lenders to make more loans. Five years after an accounting scandal revealed that its internal controls were dysfunctional, Freddie Mac returned to timely financial reporting. As losses mounted, it became undercapitalized. Last year it cut its dividend and raised $6 billion to put itself on stronger footing.
Chairman and CEO: Richard F. Syron
Chairman and CEO: Richard F. Syron
2007 Financial Data
Total employees: 5,385 | Local employees: 4,884Company Leadership
| Barbara T. Alexander | Director |
| Geoffrey T. Boisi | Director |
| Michelle Engler | Director |
| Robert R. Glauber | Director |
| Richard Karl Goeltz | Director |
| Thomas S. Johnson | Director |
| Jerome P. Kenney | Director |
| William M. Lewis Jr. | Director |
| Eugene McQuade | Director |
| Shaun F. O'Malley | Director |
| Nicolas Retsinas | Director |
| Stephen Alan Ross | Director |
| Joseph A. Smialowski | Special Advisor to the Chairman and Chief Executive Officer |
| Richard F. Syron | Chairman and Chief Executive Officer |
| Richard F. Syron | Chairman and Chief Executive Officer |
| Anthony S. Piszel | Executive Vice President and Chief Financial Officer |
| Patricia L. Cook | Executive Vice President and Chief Business Officer |
| Michael Perlman | Executive Vice President, Operations and Technology |
Source: Compensation data provided by Equilar, Inc..
|
Richard F. Syron Chairman and Chief Executive Officer |
$14,497,981 Salary: $1,200,000 |
|
Anthony S. Piszel Executive Vice President and Chief Financial Officer |
$5,067,547 Salary: $650,000 |
|
Patricia L. Cook Executive Vice President and Chief Business Officer |
$4,951,356 Salary: $600,000 |
|
Michael Perlman Executive Vice President, Operations and Technology |
$3,256,818 Salary: $208,333 |
Did You Know
STILL HERE: When the company was established in 1970, the plan was that it would complete its mission of developing a new market for mortgages and then disappear within a few years, according to former chairman Leland C. Brendsel.
