New York Mortgage Trust CEO David Akre's 2007 pay rises 15% to $636K
New York Mortgage Trust reports 2007 executive compensation
By ExecPay News
Published: April 29, 2008
New York Mortgage Trust reported fiscal year 2007 executive compensation information on April 29, 2008.
In 2007, five executives at New York Mortgage Trust received on average a compensation package of $387K, a 6% decrease compared to previous year.
Average pay of disclosed executives at New York Mortgage Trust
David A. Akre, Chief Executive Officer, received $636K in total, which increased by 15% compared to 2006. 68% of Akre's compensation, or $434K, was in salary. Akre also received $150K in bonus and $52K in other compensation.
Steven R. Mumma, Chief Executive Officer, received a compensation package of $596K, which increased by 53% compared to previous year. 68% of the compensation package, or $405K, was in salary.
A. Bradley Howe, General Counsel, earned $420K in 2007, a 82% increase compared to previous year.
Steven B. Schnall, Chief Executive Officer, received $164K in 2007, which decreases by 69% compared to 2006.
Joseph V. Fierro, Chief Operating Officer, earned $117K in 2007, a 70% decrease compared to previous year.
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Source: SEC filing on April 29, 2008.