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Cumulus Hands Out 2010 Bonus Money to Top Guns. Lew Gets Just Under a Mil.

March 3, 2010

The Cumulus board of directors seems very satisfied with the way the company is being run. And they are showing their appreciation by rewarding the big dogs running the show. According to an FCC filing the Cumulus compensation committee has handed out about $1.75 million in cash and stock to 5 executives. The distribution is as follows:

Lew Dickey was awarded $939,960, $733,200 was awarded based on satisfaction of performance criteria established by the Compensation Committee at the beginning of 2010, and $206,760 was a discretionary award based upon an assessment of his individual and relative performance during 2010. The aggregate amount of the bonus awarded to Mr. L. Dickey consists of $469,980 in cash and 96,506 shares of Class A Common Stock.

Executive Vice President and Co-Chief Operating Officer John Dickey received $290,000, $145,000 in cash and 29,775 shares of Class A Common Stock.
Executive Vice President and Co-Chief Operating Officer Jon Pinch received $240,000, $120,000 in cash and 24,641 shares of Class A Common Stock.
Senior Vice President, Treasurer and Chief Financial Officer J.P. Hannan received $100,000, $50,000 in cash and 10,267 shares of Class A Common Stock.
Senior Vice President, Secretary and General Counsel Richard S. Denning received $75,000, $37,500 in cash and 7,701 shares of Class A Common Stock.




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(3/3/2011 10:45:19 AM)
Money Doesn't Talk, It Swears...

- David Aamodt
(3/3/2011 10:27:32 AM)
can we have our raise freeze lifted now?

- sigh

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