DirecTV boss takes home just $12.5M in 2013

DirecTV (Nasdaq: DTV) Chairman-CEO Michael White took home about 30 percent less money in 2013 compared to 2012, according to a company proxy statement that listed White's total compensation in 2013 as $12.5 million, compared to $18 million in 2012.

Michael White, DirecTV


The difference in the totals came from stock options awarded to the satellite boss in 2012 that amounted to $12 million awarded in November 2012. White's performance merited a base salary raise from $1.6 million to $1.7 million in 2013, which "is about average among CEOs in our media benchmark group," according to the proxy statement.

White is eligible for a performance bonus of 200 percent of base salary but "a large proportion of Mr. White's pay will continue to be in the form of equity awards to continue to align his compensation with shareholder interests."

Other executives at DirecTV also earned less during the year, including CFO Patrick Doyle, who saw his take-home drop from $4.9 million to $3.9 million; Latin America Vice President Bruce Churchill, whose $6.35 million compensation in 2013 was down 37.1 percent from $10.1 million in 2012; and General Counsel Larry Hunter, who received $5.5 million in 2013 compared to $6.9 million in 2012.

CTO Romulo Pontual actually made more money: $3.496 million compared to $3.484 million in 2012.

For more:
- see DirecTV's proxy statement
- Multichannel News has this story
- Deadline Hollywood has this piece

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