Watchdog, Executive Pay | featured news

But corporate watchdogs are hopeful that the most egregious pay practices can be reined in as new 'say-on-pay' votes and other investor-friendly rules take effect. The $6.4 million that Jacobs Engineering Group Inc. paid Chief Executive Craig Martin last year normally wouldn't have raised many eyebrows.

A federal watchdog criticized federal regulators' oversight of executive pay packages for top officials at Fannie Mae and Freddie Mac in a report published Thursday. The top six executives at the mortgage giants earned $35 million in the last two years, according to the report from the inspector general of the Federal Housing Finance Agency, which regulates the mortgage giants.