Boy, did we go into the wrong profession! Home shopping is the place to be.
First, we learned that QVC Inc. raked in $29.6 million smackers in compensation last year. On Friday ShopNBC filed papers with the Securities and Exchange Commission that revealed that its CEO Keith Stewart made last year.
Stewart, 49, received chump change in comparison to George. But it’s chump change we wouldn’t mind having in our pocket: $1,194,000 in compensation, his base salary and target bonus.
However, there is a footnote in the filing on Stewart’s comp, which says, “No bonus was paid for fiscal 2011. The fiscal 2011 target amounts differ from the amounts reflected in the Summary Compensation Table provided below because the above table reflects targeted annual cash incentive, while the Summary Compensation Table reflects that no short term cash incentive was paid for the year.”
You figure it out. Bottom line, the dude made more than a million. And that goes a long way in Minnesota.
William McGrath, ShopNBC’s executive vice president and chief financial officer, made $450,000.
Annette Repasch, senior vice president and chief merchandising officer, took home $504,000.
Teresa Dery, senior vice president and general counsel, had $315,000 in comp.
And Kelly Thorp, senior vice president of human resources, made a tidy $315,000.