Mudd Scored $3.5M Bonus in '06

Fannie Mae president and chief executive officer Daniel Mudd received a 27.5% increase in take-home pay and bonuses in 2006 largely due to a $3.5 million bonus.Mr. Mudd received a $950,000 salary last year along with the bonus. The company's board of directors also awarded Mr. Mudd 176,506 shares of restricted common stock. He currently holds 492,206 restricted shares, according to a Jan. 25 Securities and Exchange Commission filing. In 2005, the Fannie Mae president and CEO received a $908,121 salary and a $2.6 million bonus. The board also increased his 2007 salary by $40,000, to $990,000. The government-sponsored enterprise can be found online at http://www.fanniemae.com.