Media mogul John Malone’s Liberty Media — which owns audio leisure powerhouse SiriusXM, the System One racing circuit, and a stake in occasions promoter Reside Nation Leisure, amongst others — has disclosed that president and CEO Greg Maffei’s 2023 compensation package deal amounted to $28.66 million, in contrast with $22.36 million in 2022. He had earned $21.58 million in 2021.
A regulatory submitting emphasised that Maffei’s and different executives’ wage portion of their compensation packages “represents solely that portion of every named government officer’s wage that was allotted to our firm,” including that “the portion of Mr. Maffei’s base wage attributable to the previous Braves Group” is reported in that firm’s proxy assertion. The proxy for the Braves, which Liberty beforehand break up off, exhibits Maffei as having acquired a $210,000 wage in 2023.
Maffei’s Liberty Media compensation included $7.1 million in inventory awards, which he had not acquired in 2022, whereas the worth of his choice awards declined from $7.8 million in 2022 to $3.8 million in 2023. His non-equity incentive plan compensation rose from $11.7 million to almost $14.3 million.
The corporate additionally disclosed the annual pay for chairman Malone, which amounted to $1.27 million, in contrast with $1.31 million in 2022, and $1.12 million in 2021.
The newest annual pay particulars have been disclosed in a regulatory submitting with the Securities and Alternate Fee late within the week.
Liberty’s 2023 income rose to $12.5 billion from $12.2 billion. Internet earnings of $962 million for the yr have been down from $2.0 billion in 2022.
Malone just lately mentioned that he was stepping down from his director emeritus position at cable large Constitution Communications as a result of issues across the Clayton Act, a 1914 antitrust regulation that the Division of Justice has been utilizing to launch some investigations.