From what we can tell, 2015 was a very, very good year for QVC President and CEO Mike George.
He received $19.7 million in executive compensation, up from a piddling $2 million in 2014 and $1.2 million in 2013, according to a filing the home-shopping empire’s owner, Liberty Interactive, made with federal regulators this week.
That’s a lot of greenbacks!
George’s base salary last year was $1.1 million. Most of his sizable compensation came in the form of $17.5 million in option awards.
George made more money last year than his boss, Liberty President and CEO Greg Mafffei, whose executive comp was $14.8 million.
George also did a lot better than HSN CEO Mindy Grossman, whose executive comp was $4.9 million in 2015.