Bloomberg reports that Annaly Capital Management CEO Officer Mike Farrell was paid $35 last year, more than the CEOs of the six largest U.S. banks, from JPMorgan Chase’s Jamie Dimon to Goldman's Lloyd Blankfein, and more than double their average compensation.
The bounty underscores the growing influence of real estate investment trusts that buy U.S. home-loan debt, mostly with borrowed money that costs almost nothing as the Federal Reserve keeps rates low to bolster the economy after the worst financial crisis since the Great Depression.
Dimon was awarded $23m last year, to top the pay of leaders of the six largest U.S. banks, which averaged $14.2m, according to their filings. BlackRock CEO Laurence D. Fink, who oversees the world’s largest money manager with $3.7 trillion in assets, received $21.9m.
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