Fannie Mae Exec Pulls Down $600,000 Paycheck

How many MORTGAGES would that pay off, and why is this guy getting ONE RED CENT?

"Fannie Mae CEO to draw annual salary of $625,000

Mortgage finance company Fannie Mae said its new chief financial officer, David Johnson, will make an annual salary of $625,000, slightly less than his predecessor. Fannie Mae said in a Securities and Exchange Commission filing that his pay package will consist of the $625,000 salary, plus a cash bonus and a long-term incentive plan that will vest over two years (AP)."

These guys really do have NO CONCEPT of MONEY or WHERE IT COMES FROM, do they?