HSN CEO Mindy Grossman Saw Compensation Halved In 2009, To $4.1 Million From $8 Million

Mindy Grossman

HSN CEO Mindy Grossman saw her compensation cut in half in 2009, but don’t feel too sorry for her.

She made $4.1 million last year, which we could manage to live on, compared with $8 million the prior year, according to the home shopping network’s proxy statement.

Executive compensation is on page 35.

Last year go-getter Grossman’s base salary was the same as in 2008, a cool $1 million. And she got a tidy bonus in 2009, $1.9 million, almost four times her $500,000 bonus in 2008.

But Grossman didn’t get any stock awards last year, and she got 1.3 million in stock awards in 2008.

She also tallied 1 million stock appreciation rights and option awards last year, only a fifth of the 5 million she received in 2008.

Nike vet Grossman also received $96,500 in other compensation, including $86,000 for housing and $7,400 for a car.

Judy Schmeling

HSN chief financial officer and executive vice president Judy Schmeling did better than Grossman, in that her compensation in 2009 was about even with 2008. She got $1,049,993, just a hair less than her $1,101,111 in 2008.

Schmeling’s salary was $500,000 last year, versus $420,000 in 2008. Her 2009 bonus was almost triple her bonus in 2008, $444,500 versus $150,000. Then there was various stock rights.

Barbara Lynne Ronon, HSN’s executive vice president of merchandising, saw her compensation increase in 2009, to $996,149 from $783,551. Ronon’s base pay was $475,000 in 2009 and 2008.

But her bonus in 2009 was $410,400, a huge increase from $90,000 in 2008.

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6 Responses to “HSN CEO Mindy Grossman Saw Compensation Halved In 2009, To $4.1 Million From $8 Million”

  1. Anne Krissman Says:

    I’m happy that she’s successful, but honestly if I could have at least half of Mrs. Grossman’s salary maybe I could afford a better box to live in. And maybe, I could move my box from under the interstate to hmmm..let’s say..maybe on a side walk somewhere ( you know they charge sidewalk rent these days) I applaud her HARD work at being a CEO and then at the same time I look down upon her….Sheesh

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  4. Sarah Says:

    How does she sleep at night? In 2009 HSN took away employee pay raises and bonuses for those on the main floor. They knocked the training wage down from $10/hr. to min. wage that year due to the “economy.” Yet Mindy earned nearly $2 mil. in bonuses that same year–FOUR TIMES what she made in 2008. Unethical.

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