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.
Subscribe to Deadline Breaking News Alerts and keep your inbox happy.