J. Michael Lauer served as the Chief Financial Officer at MGIC Investment Corp. from 1989 until his retirement in 2014. Under his financial leadership, MGIC navigated complex challenges in the mortgage insurance industry, consistently working to reduce risk and improve...
J. Michael Lauer served as the Chief Financial Officer at MGIC Investment Corp. from 1989 until his retirement in 2014. Under his financial leadership, MGIC navigated complex challenges in the mortgage insurance industry, consistently working to reduce risk and improve operational performance. In 2013, he earned total compensation of approximately $1.8 million, with a significant portion derived from his base salary and past performance bonuses. Notably, during his final year, Lauer's income also included a consulting agreement that paid him $15,000 monthly to continue providing advisory services after retirement. Beyond the numbers, Lauer made significant contributions that shaped the company's strategic direction. His insider trading data reflects substantial confidence in MGIC, peaking with trade values reaching over $22 million in recent years, showcasing both high ownership and engagement with the company. Overall, Lauer has played a pivotal role in steering MGIC through changing market landscapes.