HSN CEO Mindy Grossman is a multi-milllion dollar woman, raking in $12.1 million in compensation last year, triple what she made in 2009.
Grossman’s compensation was reported in an HSN filing, page 37, with the Securities and Exchange Commission Monday. Her payment package included a $1.16 million base salary, $5.7 million in stock awards, a $2.1 million non-equity incentive plan bonus and $194,000 in other compensation.
The “other” compensation was $114,000 for housing, a $50,000 reimbursement to Grossman for legal fees incurred in connection with an amendment of her employment agreement, and $30,000 for a car.
Last year’s $12.1 million in compensation was a nice bump up from the $4.1 million Grossman received in 2009.
And it appears that in 2010 Grossman did better than Greg Maffei, who is president and CEO QVC’s parent, Liberty Media Corp. Maffei received $6.4 million in total compensation last year, with a $1.5 million base salary, according to a filing Liberty made with the SEC Monday.
One of Maffei’s performance objectives was “increased focus by QVC on international and Internet expansion.”
Back over at HSN, the rest of Grossman’s management did pretty well.
Chief financial officer Judy Schmeling’s 2010 compensation was $1.9 million, up from $1.4 million in 2009. Her base salary last year was $562,000.
Lynne Ronon, HSN’s executive vice president of merchandising, received $1.3 milllion in 2010 compensation, down slightly from the $1.4 million she received the prior year.