Qurate Retail CEO Gregg Maffei received $47.8 million in total compensation in 2017, more than three times the $13.3 million payday he got in the prior year, mainly in the form of option awards from the newly minted company, a combination of former Liberty Interactive Group holdings QVC, HSN Inc. and several other online retail brands.
Maffei received his 2017 compensation as president and CEO of Liberty Interactive. With the name change to Qurate Retail Group – effective in March – Maffei is now chair of the new company, while QVC CEO Mike George was named CEO of Qurate. George received total compensation of $7.7 million in 2017 as QVC CEO, 42% higher than the $5.4 million he received in 2016.
Maffei received $1.06 million in base salary in 2017, about the same as the year before. But his biggest windfall was in the form of option awards -- $41.8 million in 2017, more than five times the $8.1 million he received in the prior year. Maffei also received $2.3 million in stock awards – up from $1.96 million in the prior year, and non-equity incentive plan compensation of $2.5 million, up from $2 million in 2016.
Other executives received about the same amount of compensation in 2017 as they did in the previous year. Chief legal officer Richard Baer took a pay cut – he received total compensation of $3.2 million in 2017, down from $5.1 million in 2016 – but others stayed fairly even. Chief financial officer Mark Carleton received $1.9 million in total compensation in 2017, even with the $1.9 million he netted in 2016; and chief corporate development officer Albert Rosenthaler received $2.7 million in total comp in 2017, slightly higher than the $2.4 million he received in the prior year.
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