Posts Tagged ‘Nathan Fagre’

ShopNBC’s Corporate Counsel Fagre Exits

January 21, 2011

ShopNBC is losing part of its executive team.

Senior vice president and general counsel Nathan Fagre has resigned effective Jan. 28 “to join a global consumer products company as its general counsel,” ShopNBC said in a securities filing Thursday.

The network said it will begin searching immediately for Fagre’s replacement.

Fagre will assist in the transition of his responsibilities to his replacement. In the interim, ShopNBC named Teresa Dery as its acting general counsel. Dery, associate general counsel, will assume Fagre’s duties as ceneral counsel until a permanent replacement can be named.

ShopNBC’s CEO Made $362,000 Last Year In Compensation, Down From $1.5 Million In 2008

May 15, 2010

ShopNBC CEO Keith Stewart

ShopNBC’s proxy statement was filed last week, and it wasn’t exactly a great year in terms of the cash compensation shelled out to the network’s top dogs.

For example, it looks like Keith Stewart, the homeshopping channel’s CEO, took a substantial cash pay cut. He collected $361,539 last year, just about one-fourth of the $1,525,995 he made in 2008, according to Page 24 of the filing with Securities and Exchange Commission.

Stewart’s “targeted” cash comp in 2009 was a tidy $1,137,500. But the QVC alum didn’t get that, apparently because ShopNBC did not hit its goals.

“No annual cash incentives were paid with respect to fiscal 2009 since the minimum financial threshold for the 2009 annual incentive program was not attained,” the proxy said.

Frank Elsenbast, ShopNBC’s senior vice president and chief financial officer, received cash comp last year of $306,600 versus $328,742 the prior year.

Carol Steinberg, ShopNBC’s senior vice president of e-commerce, made $475,991 in cash comp.

Kris Kulesza, senior vice president of merchandising, collected $325,000, just about half of the cash comp of $601,312 he received in 2008.

And Nathan Fagre, senior vice president and general counsel, made $318,600, just a bit less than his $338,101 he received in 2008.

ShopNBC’s first-quarter conference call is Wednesday, so let’s see how the channel does.