Freddie Mac's Christmas Eve securities filing on executive compensation showed that the company's human-resources chief, Paul George, is among the mortgage company's five highest-paid officers, with annual pay of up to $2.7 million, depending on incentive payments. That makes Mr. George a rarity. Corporate Library says HR executives are among the five best compensated at just 186, or 6%, of the 3,200 corporations in the research firm's North American database. And among those happy 186 HR honchos, Mr. George ranks in the top 15 in terms of pay.
Paul George will pull in up to $2.7 million, depending on incentives.
Before the government took over the reins in 2008 amid soaring losses, Freddie was slow to find successors for its chief executive and chief operating officer, despite prodding from regulators. Mr. George, who worked at Wachovia Corp. before joining Freddie Mac in 2005, didn't respond to requests for comment. A Freddie spokeswoman declined to comment.