Annaly Capital Management CEO Michael Farrell's 2007 pay jumps 64% to $12M
Annaly Capital Management reports 2007 executive compensation
By ExecPay News
Published: March 31, 2008
Annaly Capital Management reported fiscal year 2007 executive compensation information on March 31, 2008.
In 2007, five executives at Annaly Capital Management received on average a compensation package of $6.4M, a 64% increase compared to previous year.
Average pay of disclosed executives at Annaly Capital Management
Michael A.J. Farrell, Chief Executive Officer, received $12M in total, which increased by 64% compared to 2006. 78% of Farrell's compensation, or $9.6M, was in bonus. Farrell also received $302K in option awards, $2.4M in salary, as well as $160 in other compensation.
Wellington J. Denahan-Norris, Chief Operating Officer, received a compensation package of $9.9M, which increased by 64% compared to previous year. 77% of the compensation package, or $7.7M, was in bonus.
Kathryn F. Fagan, Chief Financial Officer, earned $4.9M in 2007, a 64% increase compared to previous year.
James P. Fortescue, Executive Vice President and Head of Liabilities, received $2.5M in 2007, which increases by 65% compared to 2006.
Kristopher R. Konrad, Executive Vice President and Co, Head Portfolio Management, earned $2.5M in 2007, a 65% increase compared to previous year.
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Michael Farrell
Annaly Capital Management
Chief Executive Officer
Wellington Denahan-Norris
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Kathryn Fagan
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James Fortescue
Annaly Capital Management
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Kristopher Konrad
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Source: SEC filing on March 31, 2008.