HSN CEO Grossman nabbed $5.4 Million Last Year

It’s the time of the year where you just might regret never aspiring to be head of a home shopping network:

It’s proxy time, when publicly traded companies disclose what they paid their executives.

According to papers filed with the Securities and Exchange Commission on Monday, HSN Inc. CEO Mindy Grossman received a tidy $5.4 million in executive compensation last year, up from $4.9 million in 2015. That included a $1.2 million base salary, with the rest in stock awards and Stock Appreciation Right, or SAR, options.

http://www.hsni.com/secfiling.cfm?filingid=1434729-17-7&CIK=1434729

Bill Brand, president of HSN and chief marketing officer for HSN Inc., which includes not only the home shopping network but also the Cornerstone unit, got $1.6 million in executive comp, up from $1.6 million. His salary was $657,500, with the remainder stock and options.

And Judy Schmeling, president of Cornerstone and chief operating officer and chief financial officer of HSN Inc., was given $1.7 million in comp in 2016. That was an increase from $1.79 million in 2015.

 

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2 Responses to “HSN CEO Grossman nabbed $5.4 Million Last Year”

  1. Lovie Says:

    Makes perfect sense to me! You ‘re NOT getting any “deals” shopping from television. HSN, QVC and Evine’s prices are the same as what you would find at any major shopping mall. PLUS, you have to pay shipping. Personally, I very seldom buy new clothing. 97% of what I wear comes from Ebay, Tradsey and resale shops… and everything is high-quality. I’m not going to spend $50 (oh, excuse me … $49.99) on a top that’s barely worth $8, so some exec can run off to Europe 4 times a year with plenty of cash left over. I don’t think so.

    • Jerri Says:

      So true, Lovie. The good deals on the shopping channels went bye-bye a very long time ago. I don’t buy anymore, just watch them for entertainment.

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