Fannie: Mudd's Pay Totals $12.2M for '07

Fannie Mae president and chief executive Daniel Mudd will receive total compensation of over $12.2 million for 2007, the vast majority of it coming from a performance bonus and incentive award, Fannie Mae has announced. The government-sponsored enterprise said its board of directors has established Mr. Mudd's 2007 bonus at $2,227,500 and his 2007 long-term incentive award at $9 million. Added to his base salary of $990,000, the bonus and incentive award bring his total compensation to $12,217,500 for last year. Fannie said Mr. Mudd's compensation for 2006 totaled $14,449,947. The GSE can be found online at http://www.fanniemae.com.