Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • September 2010
  • Case
  • HBS Case Collection

Freddie Mac: Managing in Conservatorship

By: Robert Steven Kaplan, Nitin Nohria and Ben Creo
  • Format:Print
  • | Pages:26
ShareBar

Abstract

Ed Haldeman has recently become CEO 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 U.S. 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.

Keywords

Change Management; Financial Crisis; Mortgages; Leadership; Organizational Culture; Business and Government Relations; Financial Services Industry; United States

Citation

Kaplan, Robert Steven, Nitin Nohria, and Ben Creo. "Freddie Mac: Managing in Conservatorship." Harvard Business School Case 411-048, September 2010.
  • Find it at Harvard

About The Author

Nitin Nohria

→More Publications

More from the Authors

    • Harvard Business Review

    As the World Shifts, So Should Leaders

    By: Nitin Nohria
    • March 2021
    • Faculty Research

    P.F. Chang's

    By: Ashish Nanda, Nitin Nohria and Margaret Cross
    • July–August 2018
    • Harvard Business Review

    How CEOs Manage Time

    By: Michael E. Porter and Nitin Nohria
More from the Authors
  • As the World Shifts, So Should Leaders By: Nitin Nohria
  • P.F. Chang's By: Ashish Nanda, Nitin Nohria and Margaret Cross
  • How CEOs Manage Time By: Michael E. Porter and Nitin Nohria
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College