AMC Networks‘ C-suite shouldn’t consist of mad men based on the raises everyone but the CEO received last year. The increase in Josh Sapan‘s non-equity incentives wasn’t big enough to compensate in a drop in stock awards. His $8.9M package includes $1.28M salary, $2.08M stock awards, $5.47M non-equity incentives, and $83,647 in other compensation, according to the proxy filed today with the SEC. The board says that Sapan and other execs “allowed us to continue to successfully navigate difficult economic conditions and product results that strengthened our business.” AMC shares appreciated about 31% in 2012, but Sapan’s take came to 4.9 times the median compensation for the other four execs named in the proxy — three times the level that makes corporate governance watchdogs fear that a CEO is too powerful.
AMC Networks CEO Josh Sapan Made $8.9M In 2012, -22.6%
Trending Now on Deadline
'Ouija' Box Office May Scare Up $20M, 'John Wick' No. 2 With A Bullet, Bill Murray Graces 'St. Vincent' - B.O. Weekend
More From Lieberman
- Does Alibaba Plan To Take Control Of Lionsgate?
- FCC Postpones Auction Of Broadcast TV Spectrum To 2016
- When Will Big Hollywood Studios Aggressively Produce Original Shows For Digital TV?
- AMC Networks And BBC Chiefs On The Future Of BBC America
- AMC Networks Pays $200M For 49.9% Of BBC America
- Amazon Shares Fall After Q3 Losses Exceed Expectations