Sallie Mae Chairmanâs Payout Is Tallied
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Albert L. Lord will receive $224.9 million for his stock options as part of the companyâs $25 billion takeover.
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It&#39;s payback time. The former chief executive of Conseco (nyse: CNO - news - people ) and his family trusts must pay $62.7 million plus interest to a unit of the insurance company, which may also foreclose on his mansion, a judge ruled.
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Harvard University's endowment paid its two top investment managers about $25 million each last year, less than the pair earned a year ago, but still enough to irritate critics who consider the compensation excessive.
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The multimillion-dollar compensation  package of former New York Stock Exchange chairman Richard  Grasso was calculated in part using an average of the  compensation of some of the most highly compensated chief  executives in the United States.
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For Jeffrey J. Steiner, chairman and chief executive of Fairchild Corp., nearly $2.5 million in salary last year was just the beginning.
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Fannie Mae, the largest source of money for the mortgage market, said former Chief Executive Officer Franklin Raines will receive benefits including an annual payment of $1.37 million after his ouster last week.
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The motion for pay tied closer to performance was first brought up at the shareholder meeting in March.
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Franklin Raines, who was forced out as Fannie Mae&#39;s chief executive after five years, is slated to receive a monthly pension of more than $114,000 for life, according to documents the mortgage lending giant filed Monday with the
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Sallie Mae  said on Wednesday it plans to sell about $2.5 billion of stock and mandatory convertible securities to help pay off derivatives contracts that amounted to a bet that its share price would keep increasing.
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Franklin Raines, who was forced out as Fannie Mae's chief executive after five years, is slated to receive a monthly pension of more than &#36;114,000 for life, according to documents the mortgage lending giant filed Monday with the Securities and Exchange Commission.
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THE PAYOUT &#151; Franklin Raines, Fannie Mae's former CEO, will get a &#36;1.3 million pension for life, plus benefits, even though he was forced to retire.
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It&#39;s one of the most powerful jobs in the world of finance. The president of the board of the California Public Employees&#39; Retirement System oversees the nation&#39;s largest pension fund, with $177 billion in assets.
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Calpers, the largest pension fund in the United States, has disclosed for the first time how much it paid the venture capitalists, hedge fund managers and others who handle its riskiest specialized investments, and how well those investments performed in
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The chairman of the U.S. Securities and Exchange Commission said on Tuesday that there is opportunity to give mutual fund investors clearer information so that they know how much they are really paying in marketing, advertising and distribution fees.
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A mutual fund manager long regarded by many as an advocate for the interests of fund shareholders is expected to pay $5 million to settle charges he overcharged his own investors by nearly that amount, the Wall Street Journal
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Franklin Raines, Fannie Mae's former  chief executive, who retired last week after regulators exposed  accounting errors expected to force a massive earnings  restatement, stands to get an annual pension of $1.37 million,  the No. 1 U.S. mortgage finance company said on Monday in a  regulatory filing.
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Sallie Mae said on Wednesday that it  plans to sell about $2.5 billion of stock and mandatory  convertible securities to help pay off obligations linked to  the student loan company's share buyback program.