| Business Summary | | AMBAC
Financial
Group
Inc.
is
a
holding
company
whose
subsidiaries
provide
financial
guarantee
products
and
other
financial
services
to
clients
in
both
the
public
and
private
sectors
around
the
world.
The
Company
provides
financial
guarantees
for
municipal
and
structured
finance
obligations
through
its
principal
operating
subsidiary,
AMBAC
Assurance
Corporation.
Through
its
financial
services
subsidiaries,
the
Company
provides
financial
and
investment
products
including
investment
agreements,
interest
rate
swaps,
funding
conduits,
investment
advisory
and
cash
management
services,
principally
to
its
financial
guarantee
clients,
which
include
municipalities
and
their
authorities,
school
districts,
health
care
organizations
and
asset-backed
issuers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AMBAC
Financial
Group
is
a
holding
company
that
provides
financial
guarantee
products
and
other
financial
services
to
public
and
private
clients.
For
the
six
months
ended
6/30/01,
total
revenues
increased
14%
to
$347.1
million.
Net
income
before
acct.
change
rose
15%
to
$205.6
million.
Revenues
reflect
higher
municipal
bond
premiums
written
due
to
market
penetration
and
lower
interest
rates.
Earnings
also
reflect
lower
expenses
at
the
Company's
financial
services
units. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Phillip Lassiter, 57 Chairman,
CEO | $2.0M | $6.2M | Robert Genader, 54 Pres,
COO, Director | 1.2M | 3.5M | Frank Bivona, 45 Vice
Chairman, CFO | 755K | 2.4M | Kevin Doyle, 44 Managing
Director, Gen. Counsel ad CLO | 526K | -- | Gregg Bienstock, 36 Managing
Director, HR and Employment Counsel | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|