RESTON, Va. – Student loan giant Sallie Mae reported its retired CEO and current chairman of the board, Albert Lord received almost $1.1 million in compensation for heading the board last year, the vast majority of it in stock options. Lord, who built the company after privatizing it from a government sponsored enterprise, received $875,000 worth of stock options last year and $100,000 in pay for serving as non-executive chairman, according to the company’s annual proxy statement. Lord own one million Sallie mae shares and options to acquire another seven million shares. Lord’s successor as CEO, Thomas Fitzpatrick, earned $16.6 million last year.
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