Reuters (04/07/08); Sanders, Chris
Fannie Mae CEO Daniel Mudd saw his pay jump 7 percent to $13.4 million in 2007, even though the government-sponsored enterprise experienced a 33-percent drop in stock price and a $2.1 billion loss as a result of the housing downturn and mortgage crisis. In a filing with the Securities and Exchange Commission, Fannie Mae stated that Mudd earned slightly less than $1 million in salary, $5.4 million in vested stock awards and $2.2 million in incentive payments, among other compensation.
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