Annaly CEO’s $35 Million From REITs Dwarfs Dimon Pay: Mortgages

Annaly Capital Management Inc. Chief Executive Officer Mike Farrell was paid $35 million last year, more than the CEOs of the six largest U.S. banks, from JPMorgan Chase & Co.’s Jamie Dimon to Goldman Sachs Group Inc.’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.