Ambac Financial Group CEO David Wallis' 2009 pay falls 42% to $4M
Ambac Financial Group reports 2009 executive compensation
By ExecPay News
Published: April 30, 2010
Ambac Financial Group reported fiscal year 2009 executive compensation information on April 30, 2010.
In 2009, six executives at Ambac Financial Group received on average a compensation package of $1.4M, a 61% decrease compared to previous year.
Average pay of disclosed executives at Ambac Financial Group
David W. Wallis, Chief Executive Officer, received $4M in total, which decreased by 42% compared to 2008.
Michael A. Callen, Chairman, received a compensation package of $1.2M, which decreased by 30% compared to previous year. 54% of the compensation package, or $650K, was in salary.
Gregory G. Raab, Senior Managing Director and Chief Risk Officer, earned $941K in 2009.
Douglas C. Renfield-Miller, Executive Vice President, received $876K in 2009.
Kevin J. Doyle, General Counsel, earned $859K in 2009, a 59% decrease compared to previous year.
Sean T. Leonard, Chief Financial Officer, received $558K in 2009.
Related executives
Michael Callen
Ambac Financial Group
Chairman
David Wallis
Ambac Financial Group
Chief Executive Officer
Sean Leonard
Ambac Financial Group
Chief Financial Officer
Gregory Raab
Ambac Financial Group
Senior Managing Director and Chief Risk Officer
Kevin Doyle
Ambac Financial Group
General Counsel
Douglas Renfield-Miller
Ambac Financial Group
Executive Vice President
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Source: SEC filing on April 30, 2010.