Sallie Mae / SLM
Arnold Hernandez, national spokesman for The Sallie Mae Fund's Paying for College Tour, meets with students around the country to talk about the opportunity to go to college. (Photo: Courtesy of company.)
About Sallie Mae
12061 Bluemont Way, Reston, Va. 20190
www.salliemae.com
| 703-810-3000
| Founded: 1972
Industry: Financial Services | Category: Top 100 Companies
The nation's largest student loan company, Sallie Mae originally operated under a federal charter, and many of its loans are still guaranteed and subsidized by the government. In April 2007, the company announced that it would be taken private in a leveraged buyout. But the government cut student-loan subsidies, a credit crunch made buyouts harder to finance, and the deal collapsed. Weakened, Sallie Mae said it would reduce operating expenses by 20 percent and began by cutting jobs.
Chairman: Albert L. Lord
President: C.E. Andrews
2007 Financial Data
Total employees: 10,797 | Local employees: 688Company Leadership
| Thomas J. Fitzpatrick | Former Chief Executive Officer |
| William M. Diefenderfer III | Director |
| Diane Suitt Gilleland | Director |
| Earl A. Goode | Director |
| Ronald F. Hunt | Director |
| Albert L. Lord | Vice Chairman and Chief Executive Officer |
| Michael E. Martin | Director |
| Barry Munitz | Director |
| Howard H. Newman | Director |
| A. Alexander Porter | Director |
| Frank C. Puleo | Director |
| Wolfgang Schoellkopf | Lead Independent Director |
| Steven L. Shapiro | Director |
| Anthony P. Terracciano | Chairman |
| Barry L. Williams | Director |
| Charles Elliott Andrews | President |
| Anne Torre Bates | Director |
| Thomas J. Fitzpatrick § | Former Chief Executive Officer |
| June M. McCormack | Former Executive Vice President |
Source: Compensation data provided by Equilar, Inc..
|
Thomas J. Fitzpatrick § Former Chief Executive Officer |
$8,095,761 Salary: $320,192 |
|
June M. McCormack Former Executive Vice President |
$5,232,326 Salary: $424,038 |
Did You Know
BIG CLASSES: Sallie Mae owns or manages student loans for nearly 10 million customers and administers $18 billion in college savings accounts for 1 million customers through its Upromise subsidiary.
