Fortress Investment Group LLC Principal Michael Novogratz's 2007 pay jumps 3,534% to $13M
Fortress Investment Group LLC reports 2007 executive compensation
By ExecPay News
Published: April 30, 2010
Fortress Investment Group LLC reported fiscal year 2007 executive compensation information on April 30, 2010.
In 2007, eight executives at Fortress Investment Group LLC received on average a compensation package of $3.3M, a 354% increase compared to previous year.
Average pay of disclosed executives at Fortress Investment Group LLC
Michael E. Novogratz, Principal, received $13M in total, which increased by 3,534% compared to 2006. 71% of Novogratz's compensation, or $9.6M, was in stock awards. Novogratz also received $1.5M in bonus, $200K in salary, as well as $2.1M in other compensation.
Daniel N. Bass, Chief Financial Officer, received a compensation package of $7.9M, which increased by 163% compared to previous year. 56% of the compensation package, or $4.5M, was in stock awards.
David N. Brooks, General Counsel, earned $4.1M in 2007.
Peter L. Briger, Jr, Principal, received $387K in 2007, which increases by 148% compared to 2006.
Daniel H. Mudd, Chief Executive Officer, earned $219K in 2007.
Wesley R. Edens, Principal, received $219K in 2007, which decreases by 46% compared to 2006.
Robert I. Kauffman, Principal, earned $219K in 2007, a 24% decrease compared to previous year.
Randal A. Nardone, Principal, received $219K in 2007, which increases by 26% compared to 2006.
Related executives
Daniel Mudd
Fortress Investment Group LLC
Chief Executive Officer
Wesley Edens
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Peter Briger
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Robert Kauffman
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Former Principal
Randal Nardone
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Michael Novogratz
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Principal
Daniel Bass
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David Brooks
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Source: SEC filing on April 30, 2010.