Daniel Mudd

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Daniel H. Mudd (born 1956) is the former President and CEO of Fannie Mae, a post he held from 2005-2008,[1] and, more recently for 2-1/2 years, the CEO of Fortress Investment Group.

Education and early career[edit]

Mudd holds a B.A. degree in American history from the University of Virginia and an M.P.A. from the John F. Kennedy School of Government at Harvard University.[2] Mudd was an Officer in the United States Marine Corps and was decorated for his combat service in Beirut.[2] After a tour in the Office of the Secretary of Defense, he left the service to get his M.P.A.[2]

Mudd has been an advisor to Asia-Pacific Economic Cooperation (APEC) and has served on boards of the Council on Foreign Relations, the National Building Museum, Hampton University, Local Initiatives Support Corporation The University of Virginia board of Trustees, and the Sidwell Friends School.[2]

Early in his career, Mudd held positions in financial services and management consulting at the World Bank, Ayers Whitmore and Company, and Xerox Corporation.[3] Mudd later worked at GE Capital in International Financing, European Fleet Services, and Business Development.[3] At GE Capital, he became Vice President for Business Development in 1991, was Managing Director for International Financing from 1993 to 1995, and became President and CEO for European Fleet Services in 1995.[2] From 1996 to 1999, he was president of GE Capital Asia-Pacific.[2][3] Mudd was previously president and CEO of GE Capital, Japan before he joined Fannie Mae in February 2000.[3]

Fannie Mae[edit]

In February 2000, Mudd became a Director and Vice Chairman and Chief Operating Officer at Fannie Mae.[2][4] He remained Chief Operating Officer until December 21, 2004.[2] Mudd was named interim CEO of Fannie Mae in December 2004, after Franklin Raines stepped down after the U.S. Securities and Exchange Commission (SEC) found Fannie Mae had violated accounting rules.[4] Mudd served as interim CEO of Fannie Mae until March 2005, and became the President and CEO of Fannie Mae on June 1, 2005.[2]


Mudd was a Director at Ryder System, Inc from 2002 to 2007.[2] In 2007, Mudd became a Director at Fortress Investment Group.[2] Forbes ranked Mudd 182nd in executive pay in 2005, 323rd in 2006, 337th in 2007, and 202nd in 2008.[5]

Subsequent career[edit]

Mudd for 2-1/2 years to December, 2011,[6] was the CEO of Fortress, a hedge fund in New York City that has among other investments bought tax liens on delinquent property taxes from local governments under 17 different corporate names. Some of the 17 evoke tranquil, bucolic settings, such as Pleasant Valley Capital, LLC and Travis Farm Investments, LLC.[7]

Personal life[edit]

Mudd now resides in Greenwich, Connecticut with his family.[citation needed]

He is the son of former TV anchor Roger Mudd.[8] His family is indirectly related to Samuel Mudd, the doctor who was imprisoned for aiding and conspiring with John Wilkes Booth after the assassination of Abraham Lincoln.[9]

References[edit]

  1. ^ US Bails out Fannie Mae & Freddie Mac NYTimes
  2. ^ a b c d e f g h i j k "Daniel Mudd: Executive Profile & Biography". investing.businessweek.com. BusinessWeek. Retrieved December 9, 2008. 
  3. ^ a b c d "Daniel H. Mudd Profile". people.forbes.com. Forbes.com LLC. Retrieved December 9, 2008. 
  4. ^ a b "Franklin Raines out at Fannie". CNNMoney.com. December 22, 2004. Retrieved December 9, 2008. 
  5. ^ "Daniel H. Mudd Rankings". people.forbes.com. Forbes.com LLC. Archived from the original on July 22, 2011. Retrieved December 9, 2008. 
  6. ^ Hilzenrath, David S., "Former Fannie Mae CEO Mudd takes leave from hedge fund firm", Washington Post, December 21, 2011. Retrieved 2011-12-21.
  7. ^ Fred Schulte and Ben Protess (October 18, 2010). "The New Tax Man: Big Banks and Hedge Funds". Huffington Post Investigative Fund. Retrieved September 20, 2011. 
  8. ^ Government may soon back troubled mortgage giants
  9. ^ Goldstein, Richard (2002-05-25), Dr. Richard Mudd, 101, Dies; Grandfather Treated Booth (limited no-charge access), The New York Times, retrieved 2009-05-23 

External links[edit]