Dan Mudd, Fannie's $13M Man in '05

Daniel Mudd, the man in charge of fixing Fannie Mae's $12 billion accounting scandal, earned about $13 million in compensation last year, according to an 8K statement filed by the mortgage giant with the Securities and Exchange Commission.Mr. Mudd was named Fannie's permanent chief executive in June after serving in an interim capacity. He was granted restricted stock valued at $1.49 million in late November after the company's board finalized its compensation agreement with him. Additionally, according to the SEC filing, he was given another batch of restricted stock valued at $8 million. His base salary is listed at $950,000. (As interim CEO, his base was $746,209.) Mr. Mudd replaced chairman and CEO Franklin Raines, who was forced out by the board of the government-sponsored enterprise in December 2004. In 2003 Mr. Raines earned total compensation of $22.49 million, including $11.6 million in "long-term" compensation.