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Freddie Mac: Managing in ConservatorshipRobert Steven KaplanHarvard Business School - Organizational Behavior Unit Nitin NohriaHarvard Business School Ben CreoHarvard Business School September 15, 2010 Harvard Business School Organizational Behavior Unit Case No. 411-048 Abstract: Ed Haldeman has recently become Chief Executive Officer of Freddie Mac, one of three major government sponsored enterprises (GSEs) charged with supporting U.S. residential mortgage finance. The company was placed into conservatorship by the US treasury on September 7, 2008. Conservatorship places various restrictions on Haldeman and the organization in terms of management. Haldeman's challenge is to lead Freddie Mac, build its culture, upgrade its operations and generally prepare the organization for re-emerging from conservatorship. In the background, housing prices continue to deteriorate and the company continues to lose money. In addition, political views continue to shift regarding the future regulatory and equity ownership frameworks for Freddie Mac as it emerges from this difficult period. Learning Objective: To analyze a complex set of contingencies facing a company in uncertain times. working papers series Date posted: April 10, 2012Suggested CitationContact Information
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