Board Members Up for Election at DIRECTV Meet
On Monday, DIRECTV informed its shareholders about the satellite TV giant's upcoming annual meeting, which is set for Tuesday, June 3. And in that notification was a list of individuals nominated to serve on the company's board of directors.
Included on the list of DIRECTV board member candidates were Liberty Media Chairman John Malone and Greg Maffei, Liberty's president and CEO. Liberty Media acquired a controlling stake in DIRECTV in February, and recently increased that ownership interest in the small dish service to nearly 48 percent.
Also up for election to the board: Ralph F. Boyd Jr., executive vice president of community relations for the Federal Home Loan Mortgage Company; James M. Cornelius, chairman and CEO of Bristol-Myers Squibb Company; and Nancy S. Newcomb, a retired senior corporate officer for Citigroup.
The Securities and Exchange Commission document from DIRECTV also listed compensation last year for company executives.
According to the filing, DIRECTV President and CEO Chase Carey earned $13.9 million in total compensation in 2007, up from $12.4 million in 2006. The 2007 compensation for Carey included $2.2 million in salary, $5.6 million in stock awards and $1.18 million in option awards, among other forms of compensation.
As for other executives, Executive Vice President and DIRECTV Latin America Vice President Bruce Churchill earned $3.54 million in total compensation, Senior Vice President and CFO Patrick Doyle brought in $1.297 million in total compensation, Executive Vice President of Operations Michael Palkovic took in $2.3 million, and Executive Vice President and General Counsel Larry Hunter brought in $2.5 million.