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.

Related executives

Michael Farrell

Annaly Capital Management

Chief Executive Officer

Wellington Denahan-Norris

Annaly Capital Management

Chief Operating Officer

Kathryn Fagan

Annaly Capital Management

Chief Financial Officer

James Fortescue

Annaly Capital Management

Chief Operating Officer

Kristopher Konrad

Annaly Capital Management

Chief Investment Officer

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Source: SEC filing on March 31, 2008.