Starz's Albrecht Sees Pay Jump to $12.9MCEO Receives $11 Million in Option Awards in 2012 4/16/2013 2:13 PM Eastern
Chris Albrecht’s total compensation as CEO of Starz more than doubled to $12.9 million in 2012, the company said in regulatory filings Tuesday.
Albrecht’s base salary was unchanged at $1 million. He received $11 million in option awards, up from $3.3 million in 2011.
Last year it was announced that Starz would be spun off from Liberty Media to become an independent corporation, which occurred in January.
Prior to the spin off, Liberty’s compensation committee approved in principle a new compensation arrangement in favor of Albrecht, providing for, among other things, a new four-year employment term beginning Jan. 1, 2013 with an annual base salary of $1.25 million.