Scripps Networks CEO Ken Lowe's 2012 Compensation Rises 47 Percent
Scripps Network CEO Ken Lowe earned $14.2 million in total compensation in 2012, up from $9.7 million the previous year. That amounted to a 47 percent increase.
Lowe, who oversees the company whose holdings include cable networks such as HGTV and Food Network, benefited from a bigger stock package. He was awarded $7.4 million in stock awards, which was about 2.5 times as much as the $2.9 million in stock awards he got in 2011.
Lowe also benefited from a 4.2 percent increase in his base salary to $1.25 million, as well as nearly $1.4 million in option awards.
Other Scripps executives also did well in 2012. President John Lansing earned $5.6 million in total compensation, up from $3.9 million in 2011. CFO Joseph NeCastro took home $4.3 million, up from $3.6 million.
The company also has a realtively new chief legal officer. Anatolio Cruz departed with $4.8 million in total compensation. Newcomer Cynthia Gibson earned nearly $1.5 million in the job.
The stock price of Scripps was up more than 34 percent in 2012 to close the year around $60. Since then, it's been up another 10 percent.