Assured Guaranty CEO Dominic Frederico's 2008 pay falls 21% to $6.7M
Assured Guaranty reports 2008 executive compensation
By ExecPay News
Published: March 25, 2009
Assured Guaranty reported fiscal year 2008 executive compensation information on March 25, 2009.
In 2008, five executives at Assured Guaranty received on average a compensation package of $2.9M, a 25% decrease compared to previous year.
Average pay of disclosed executives at Assured Guaranty
Dominic J. Frederico, Chief Executive Officer, received $6.7M in total, which decreased by 21% compared to 2007. 33% of Frederico's compensation, or $2.2M, was in bonus. Frederico also received $1.5M in option awards, $750K in salary, $1.2M in stock awards, as well as $1M in other compensation.
Michael J. Schozer, President, Assured Guaranty Corp, received a compensation package of $2.6M, which decreased by 24% compared to previous year. 38% of the compensation package, or $988K, was in stock awards.
James M. Michener, General Counsel, earned $2.1M in 2008, a 21% decrease compared to previous year.
Robert B. Mills, Chief Financial Officer, received $1.9M in 2008, which decreases by 42% compared to 2007.
Robert A. Bailenson, Chief Accounting Officer, earned $1.1M in 2008, a 8% decrease compared to previous year.
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Source: SEC filing on March 25, 2009.