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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
 Monday, January 14, 2008
Sallie Mae, which has suffered a series of setbacks during the mortgage crisis, has paid top dollar to recruit a new chief financial office last week. John Remondi will receive an annual salary of $1 million along with stock awards that will deliver $2 million for every $1 increase in the company's share price. The CFO could also earn cash bonuses of up to $3 million, two years of housing in Reston, and $100,000 a year for personal use of corporate aircraft. The salary is higher than any other CFO on record and 150% more than his predecessor in 2006. "He must be in the miracle department," commented on compensation analyst.

Monday, January 14, 2008 7:06:04 PM UTC  #    Comments [0]  |  Trackback