Early Briefing: FBR's Compensation Package

On Mondays, we turn the business section over to new about local businesses. Here's some of the stories in today's paper:

* Friedman Billings Ramsey Group is raising eyebrows from some compensation experts after the Arlington investment firm, battered by the credit crunch and subprime slump, granted senior executives cash and stock potentially worth about $30 million. See story.

Fahad Hassan launched social networking site Daylert while at Virginia Tech and has been tirelessly soliciting venture capital for his business. (By Michael Williamson/Post)

* Getting a start-up off the ground can be a risky proposition. Yet young entrepreneurs like Fahad Hassan persist. Staff writer Zach Goldfarb spends time with Hassan, 21, as the Gaithersburg man tries to get his networking company Daylert off the ground. See story.

* Target won't officially open its doors in Columbia Heights until Wednesday, but the retailer has been courting neighborhood groups in the rapidly changing community since it decided to move there. See story.

* For the first time, Washington area federal employees at the top of the government-wide salary scale, the General Schedule, hit the "pay cap," according to Stephen Barr, in this week's Federal Diary column. What had been an issue for GS employees in San Francisco, Houston, and other cities is now and issue here.

* At a time when the housing market needs them as much as even, Fannie Mae and Freddie Mac are hunkering down to weather the crisis. Staff writer David Hilzenrath explains why the two mortgage finance giants may be limited in what they can do to rescue the staggering housing market. See story.

* Lawyer Dana Brewington and her Do-Rite Disposable Dog Diaper try to clean up at a national product competition. See story.

* In our Q&A this week, Shafiq Khan talks to Michael Rosenwald about his efforts to remake Marriott.com.

* Paul B. Silverman, chairman of Strategic Defense Alliance Group, says in his commentary that the region should borrow an idea or two from governments around the world and target for assistance small- to medium-size enterprises with fewer than 100 employees.

By Dan Beyers  |  March 3, 2008; 6:54 AM ET
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