Fidelity National CEO 2008 Compensation Rose 1 Pct

The higher compensation for Fidelity National's CEO came during a tumultuous year for the financial services sector. Last year, the industry was hammered by the ongoing credit crisis and growing recession.

Jacksonville, Fla.-based Fidelity National, which is unrelated to Boston-based Fidelity Investments, provides transaction processing, card issuer and outsourcing services for more than 14,000 financial institutions.

In February, the firm said its 2008 net income fell 62 percent to $214.8 million, or $1.11 per share. In 2007, Fidelity National earned $561.2 million, or $2.86 per share.

Shares of Fidelity National lost nearly 30 percent in 2008, to close the year at $16.27. Its stock has regained nearly 20 percent this year, and was recently up 22 cents at $19.68.