MBIA CEO Gary Dunton's 2007 pay slips 19% to $12M
MBIA reports 2007 executive compensation
By ExecPay News
Published: March 28, 2008
MBIA reported fiscal year 2007 executive compensation information on March 28, 2008.
In 2007, seven MBIA executives received on average a compensation package of $4.9M, a 19% decrease compared to previous year.
Average pay of disclosed executives at MBIA
Gary C. Dunton, Chief Executive Officer, received $12M in total, which decreased by 19% compared to 2006. 62% of Dunton's compensation, or $7.1M, was in stock awards. Dunton also received $1M in non-equity incentive plan, $1.6M in option awards, $960K in salary, as well as $854K in other compensation.
Joseph W. Brown, Chairman, received a compensation package of $7.4M, which decreased by 37% compared to previous year. 80% of the compensation package, or $5.9M, was in stock awards.
Neil G. Budnick, Former President of MBIA Insurance Corp, earned $5.8M in 2007, a 17% decrease compared to previous year.
C. Edward Chaplin, Chief Financial Officer, received $2.8M in 2007, which increases by 38% compared to 2006.
Mitchell I. Sonkin, Vice President and Head of Insured Portfolio Management, earned $2.5M in 2007, a 2% increase compared to previous year.
Clifford D. Corso, Chief Investment Officer, received $2.5M in 2007, which decreases by 2% compared to 2006.
Kevin D. Silva, Chief Administrative Officer, earned $2M in 2007, a 20% decrease compared to previous year.
Related executives
Gary Dunton
MBIA
Chief Executive Officer
C Chaplin
MBIA
Chief Financial Officer
Mitchell Sonkin
MBIA
Vice President and Head of Insured Portfolio Management
Clifford Corso
MBIA
Chief Investment Officer
Kevin Silva
MBIA
Chief Administrative Officer
Joseph Brown
MBIA
Chief Executive Officer
Neil Budnick
MBIA
Former President of MBIA Insurance Corp
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Source: SEC filing on March 28, 2008.