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HomeHollywood NewsLiberty Media CEO Greg Maffei's 2020 Pay Rises to $47.1 Million

Liberty Media CEO Greg Maffei’s 2020 Pay Rises to $47.1 Million

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SiriusXM, the Atlanta Braves, and Formula One-owned company have also revealed that chairman John Malone saw his annual salary package to $ 1.09 million. John Malone’s Liberty Media – which owns audio entertainment giant SiriusXM, the Atlanta Braves baseball team, and the Formula One racing circuit – revealed that in 2018 President and CEO Greg Maffei’s 2020 compensation of $ 47.1 million, $ 44 million, and 20.1 million dollars.

He made $ 19.8 million in 2017 and $ 16.9 million in 2016. The salary details were disclosed in a regula tory filing with the Securities and Exchange Commission. Maffei’s salary last year was $ 871,880 in 2019, against a salary of $ 1.16 million in April 2019. In April 2020, the CEO of Liberty Media received restricted stock units for waiving and restructuring their unpaid calendar year base salary due to “potential liquidity concerns”. In company between the onset of the coronavirus epidemic.

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Last year, his overall compensation continued to come from wholesale option awards, stock awards, and non-equity incentive plans. Greg Maffei’s 2019 compensation made the jump thanks to a new employment contract that raised his option awards from $ 8.8 million to $ 27.8 million. His substitute award was $ 24.98 million in 2020. Liberty Media also revealed in its regulatory filing the annual salary of Chairman Malone, which amounted to $ 1.09 million.

He earned $ 1.4 million in 2019, $ 1.1 million in 2018, $ 797,082 in 2017 and $ 747,156 in 2016. Liberty recently reported 2020 earnings of $ 9.4 billion, down from $ 10.3 billion, and losses of $ 1.4 billion, while 2019 earnings were $ 106 million. Greg Maffei recently suggested that streaming giant Amazon will drive at a quick pace by Big Tech platforms for more game rights worldwide. “I suspect they are only going to get more serious over time and they just won’t be the same,” he argued.

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