I heard the new seats have cattle prods and belts so if you leave for too long or question anything you get a nice shock to "wake" you up.
21 replies (most recent on top)
@h4 I agree. At this time it is hard to evaluate an executive member. By making the company running and not laying off everyone is hard enough.
@gp Man I was so naive I actually felt bad for him at the time
@fc how do you think PA? Still remember the first time he showed up in meeting he said he has to commute from NJ to DC for the company and sacrifice a lot for the company.
@ev three stooges at the top (pa, jr, and bh). And then you got a bunch of toxicity from ERM guy and finance wants to puppet show the rest of company while grinding us with their heel.
@ev ppl from 2008 are still with us - this doesn’t mean these ppl are wrong. Also after so many years of experience , that doesn’t mean they are still wrong if they were wrong. In your example some people do nothing- you can find in many companies and government. I worked for several companies and I can say Fannie Mae had a good culture prior to 2025. I didn’t see any single company respect employee survey and CEO explained results in townhall. I cannot talk the current Fannie because it is a different company from prior to 2025.
The level of corruption and fraud at Fannie Mae is mind blowing compared to Federal Government, Private, and Public companies. Especially old timers lead this corrosive culture, they brag about being with the company for 20+ years. I know people who are with the company for 30+ years, and they produce nothing, absolutely nothing. Most people who led to bankruptcy of Fannie Mae in 2008 are still with us (e.g. CFO, and most of her SVPs), and they are shameless. Search books on amazon about Fannie Mae, all of them have negative sentiment. You can't find one good book or article about Fannie Mae. I hated the guts of this company, it shouldn't have existed.
@ee question: why do you call corrupt executive? Our CEO has been here years ago and the company was not this bad right? Does the executive just followed someone who told them what to do?
Corrupt executives and their side-kick officers are moving to RTC. What does it mean? Lots of lost documents. We have Democratic house and senate, lots of docs will be lost, no trace - how convenient. They can run but they can't hide.
@e2 thank you. I guess some people won’t ruin MTC if we have the contract .
@dj not sure how you get the news of extending to 2045. Pretty sure the lease is until 2029 and all are asked to move to RTC phase by phase by then.
@OP can you clarify? What has changed with the seating arrangements at MTC? When the LT faked leaving DC in 2024, they ended up renegotiating and extended MTC’s lease through 2045.
Corrupt execs chopped around 2,000 FTEs in 2026, no wonder MTC is closing...
Plano is giving up 2 floors.
@cv are they keeping MTC office or will close it?
@OP, MTC has lost about 50% of its headcount and has also reduced its office footprint as part of cost-cutting measures
Each location is losing a decent number of seats. Didn’t realize we had that much extra space.
Is there any reason they are making this change?
What happens to MTC office, is it still functional?
Executives moving to Virginia. Some Midtown staff too.