Rithm Capital Management

Management criteria checks 1/4

Rithm Capital's CEO is Michael Nierenberg, appointed in Nov 2013, has a tenure of 10.5 years. total yearly compensation is $20.16M, comprised of 6.2% salary and 93.8% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth $19.36M. The average tenure of the management team and the board of directors is 0.6 years and 9.2 years respectively.

Key information

Michael Nierenberg

Chief executive officer

US$20.2m

Total compensation

CEO salary percentage6.2%
CEO tenure10.5yrs
CEO ownership0.4%
Management average tenureless than a year
Board average tenure9.2yrs

Recent management updates

Recent updates

Rithm: Get Paid 8.79% As Investors Await Its Transition

May 16

Rithm Capital: Look Beyond The ~9% Dividend Yield

Mar 26

Rithm Capital: This 10% Yield Is On Sale

Feb 22

Rithm Capital: Recent Acquisitions Support Its High-Dividend Yield

Jan 10

Rithm Capital: A Magnificent, Bargain-Priced 10% Yield

Nov 23

Rithm Capital: Deep Value, 11% Covered Yield, 26% BV Discount

Oct 31

Rithm Capital PFD D: Maybe No Longer The Best Choice - Swap Time?

Oct 18

Should You Buy Rithm Capital For Its 11% Yield?

Oct 04

Rithm Capital: The Dividend Lesson

Sep 26

Rithm Capital: This 9.8% Yielding Mortgage Trust Now Has A Catalyst

Jul 27

Rithm Capital: I Sold The Preferreds To Buy The 11% Yielding Commons

Jun 14

Rithm Capital: This Huge 12% Mortgage Yield Is Sustainable

May 25

Rithm Capital: Out-Of-Touch 21% BV Discount For A Covered 10.5% Yield

Feb 20

Rithm Capital Non-GAAP EPS of $0.33 beats by $0.04, revenue of $762.4M beats by $12.26M

Feb 08

Rithm Capital: Your Next Purchase Could Yield You 11.9%

Dec 22

Rithm Capital declares $0.25 dividend

Dec 15

Rithm Capital: The Preferreds Move Better

Dec 07

Rithm Capital: Don't Become A Panic Seller Now

Oct 19

Rithm Capital's 11.2% Yield: You Have No Excuse For Not Buying

Sep 19

Rithm's Newrez unit introduces 40-year fixed interest-only non-QM mortgage

Sep 01

New Residential Investment Q2 2022 Earnings Preview

Aug 01

New Residential: Wait Patiently For Another Buy Signal (Technical Analysis)

Jul 20

New Residential Stock: Buy When Others Are Fearful

Jun 19

New Residential: Ready For High Interest Rates?

May 24

New Residential: I Am Buying This Fat 8.8% Yield For Passive Income

May 05

New Residential: Substantial Confusion In The Capital Structure

Apr 21

New Residential: Substantial Mispricing Within The Capital Stack

Apr 08

CEO Compensation Analysis

How has Michael Nierenberg's remuneration changed compared to Rithm Capital's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

US$725m

Dec 31 2023US$20mUS$1m

US$533m

Sep 30 2023n/an/a

US$702m

Jun 30 2023n/an/a

US$632m

Mar 31 2023n/an/a

US$272m

Dec 31 2022US$9mUS$654k

US$865m

Compensation vs Market: Michael's total compensation ($USD20.16M) is above average for companies of similar size in the US market ($USD8.49M).

Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.


CEO

Michael Nierenberg (60 yo)

10.5yrs

Tenure

US$20,160,023

Compensation

Mr. Michael Nierenberg is Independent Director of Great Ajax Corp. from May 20, 2024. Mr. Nierenberg served as Chief Executive Officer and Chairman at Fortress Capital Acquisition Corp. from December 2020...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Nierenberg
Chairman10.5yrsUS$20.16m0.36%
$ 19.4m
Nicola Santoro
CFO, Chief Accounting Officer & Treasurer8.7yrsUS$2.68mno data
Philip Sivin
MD & Chief Counsel for M&A and strategic transactionsless than a yearUS$1.47m0.0014%
$ 71.9k
David Zeiden
Chief Legal Officerless than a yearno datano data
Charles Sorrentino
Managing Directorno datano datano data
Varun Wadhawan
Managing Directorno datano datano data
Sanjeev Khanna
Managing Directorno datano datano data
Kenneth Bruce
Managing Directorless than a yearno datano data
Satish Mansukhani
Managing Director of Investment Strategyless than a yearno datano data
Donald Chan
Senior Vice Presidentno datano datano data
Paul Gross
Managing Directorno datano datano data
Evonne Huang
Senior Vice Presidentno datano datano data

0.6yrs

Average Tenure

53yo

Average Age

Experienced Management: RITM's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Nierenberg
Chairman10.5yrsUS$20.16m0.36%
$ 19.4m
David Saltzman
Independent Director11.1yrsUS$295.00k0.020%
$ 1.1m
Kevin Finnerty
Independent Director11.1yrsUS$285.00k0.063%
$ 3.4m
Peggy Hwan Hebard
Independent Director1.3yrsUS$287.00k0.010%
$ 557.8k
Andrew Sloves
Independent Director7.9yrsUS$285.00k0.041%
$ 2.2m
Patrice Le Melle
Independent Director2.5yrsUS$275.00k0.0056%
$ 300.0k

9.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: RITM's board of directors are considered experienced (9.2 years average tenure).


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