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How Much Money Do Media Moguls Make?
Photo by smastrong via LAist Featured Photos pool on Flickr
Deadline has been counting other people's money and put together an exclusive list of media moguls and their startling compensation packages compared to averages of other top executives.
Often considered a "red flag" to shareholders when a public company pays one of its top bananas three or more times the average of other big cheeses, Deadline has "taken proxy statements and done the computations" and discovered that at least 16 of 35 companies failed" the red flag test.
Experts say an "out-of-whack pay package" could be trouble for shareholders because it could indicate a belief that one person possesses "super-human" power, or it could mean the board of directors is being influenced by the CEO, reports Deadline. See the full list of average discrepancies here.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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