The company CEO, chairman and president benefited from new contract terms including special retention stock grants recognizing “the critical nature of [his] talent” in a year when Scripps Networks shares appreciated 33.5%. Ken Lowe‘s package included $1.3M salary, $7.4M in stock awards, $1.4M in option awards, $1.7M in non-equity incentives, $2M change in pension value, and $441,155 in other compensation according to the proxy filed at the SEC this morning. The “other” category includes $16,080 for dining, business, and country clubs. Lowe’s package is 3.1 times higher than the median for the four other highest-paid execs. That’s better than last year, when he made 3.5 times the median. But it’s still high enough to worry corporate governance watchdogs who say that a CEO’s pay can be considered out of whack when it’s at least 3 times higher than the average for his or her top colleagues. The annual meeting to be held May 14 in Knoxville, TN, likely will be relatively uneventful. The proxy shows that shareholders won’t be presented with controversial resolutions or an opportunity to vote on whether they approve of the executive compensation packages.
Scripps Networks’ Ken Lowe Made $14.2M In 2012, +46.7%
What's Hot on Deadline
Sequel To Cult Sci-Fi Pic 'The Man From Earth' A Go With Vanessa Williams, Sterling Knight Among Cast
Latest Business News
- Indie Producers Say They're Getting Shortchanged By California's Tax Incentives Program
- ‘American Psycho’ Will Close On Broadway Before The Tony Awards At $8.8M Loss
- Viacom’s Battle With Sumner Redstone Could Hurt Credit, S&P Says
- Court Sets June Date For Philippe Dauman’s Case Against Sumner Redstone
- Lionsgate Joins Fox, Par & Uni In Nixing Exhibitor Clearance Requests: What Does This Mean For The Biz?
- Viacom Renews And Expands Carriage Deal With Cox Communications