Bloomberg Law
Aug. 12, 2016, 12:16 PM UTC

What Happens When a CEO and a GC Fall In Love?

Blake Edwards

When Fannie Mae CEO Timothy Mayopoulos and Fifth Third Bancorp chief legal officer Heather Russell began dating earlier this year, both executives revealed the relationship to their respective employers.

The ramifications for the two have been starkly different.

While Mayopoulos remains in charge of the nation’s largest mortgage lender — indeed, the company has backed him publicly, arguing he followed company procedures and, in spite of the business done between the two companies, the relationship doesn’t present a conflict — Russell was fired in July.

Headquartered in Cincinnati, Fifth Third is the largest bank in Ohio. The company does a significant amount of its business with Fannie Mae, according ...

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