Ergen, Dish Execs See Compensation Fall in 2010


Top executives at Dish Network, including chairman and CEO Charlie Ergen, saw big reductions in their 2010 compensation, reflecting the No 2 satellite TV service provider's continued struggle with subscriber losses.
According to a proxy statement filed late Wednesday with the Securities and Exchange Commission, Ergen received total compensation of $797, 909 in 2010, a 20% decrease from the $999,913 Ergen received in 2009. It was the second straight year of reductions for Ergen - he received $4.8 million in total compensation in 2008.
Ergen's compensation consisted of his base salary -- $600,000 - and $197,909 in "other compensation," made up mostly of the use of corporate aircraft during the year.
Dish's top five executives (including Ergen) took pay cuts in 2010: Chief financial officer Robert Olson's total compensation fell 56% to $484,213 in 2010 from $1.1 million in 2009; executive vice president, programming sales and marketing Thomas Cullen's compensation dipped 15% to $455,500 from $535,964 in 2009; executive vice president and chief operating officer Bernard Han saw his total take fall 73% to $455,500 from $1.7 million in 2009; and executive vice president James DeFranco saw his total compensation fall 2% to $399,149 in 2010 from $408,323 in 2009. The main culprit of the reductions is that save for Olson, no Dish executive received bonus money or stock awards in 2010. Olson received stock options worth $171, 790 in 2010 (his second year on the job), about 80% less than the $854,165 he received in 2009, according to the proxy.
Dish had a tough year in 2010 - it added just 33,000 net new subscribers after two quarters of losses.