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%
Trending Now on Deadline
Global Showbiz Briefs: 'Top Gear' Hosts Attacked In Argentina Over License Plate; Samantha Glynne Named VP Branded Entertainment At FremantleMedia; More
More From Lieberman
- Streaming Cash: Redbox Reports Losses From Its Joint Venture With Verizon
- Cable Programmers, Citing Privacy Concerns, Hold Up FCC's Review Of Comcast And DirecTV Deals
- Layer3 TV Taps Lindsay Gardner To Lead Programming And Content Acquisition
- Yahoo Shares Rise As Mobile Revenues Help It Beat Q3 Earnings Expectations
- Will Time Warner Feel A Bruise From Its Battle With Dish Network?
- Apple Beats Earnings Expectations With Help From iPhones, But Not iPads