Cumulus Media CEO Lewis Dickey's 2007 pay jumps 102% to $10M
Cumulus Media reports 2007 executive compensation
By ExecPay News
Published: October 17, 2008
Cumulus Media reported fiscal year 2007 executive compensation information on October 17, 2008.
In 2007, four executives at Cumulus Media received on average a compensation package of $3.3M, a 58% increase compared to previous year.
Average pay of disclosed executives at Cumulus Media
Lewis W. Dickey, Jr, Chief Executive Officer, received $10M in total, which increased by 102% compared to 2006. 84% of Dickey's compensation, or $8.6M, was in stock awards. Dickey also received $700K in non-equity incentive plan, $901K in salary, as well as $15K in other compensation.
John W. Dickey, Chief Operating Officer, received a compensation package of $1.4M, which decreased by 10% compared to previous year. 43% of the compensation package, or $590K, was in stock awards.
Jon G. Pinch, Chief Operating Officer, earned $840K in 2007, a 10% decrease compared to previous year.
Martin R. Gausvik, Chief Financial Officer, received $766K in 2007, which decreases by 10% compared to 2006.
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Source: SEC filing on October 17, 2008.