Martha Stewart’s compensation as founder and chief editorial, media and content officer at the company that bears her name dropped 40% last year, reflective of a stock price that was cut in half in the past 11 months.
Stewart’s compensation at Martha Stewart Living Omnimedia was $5.9 million in 2010, consisting of $2 million in salary, $783,000 in stock options and the rest classified as “other,” which is mostly made up of “fees and expenses.”
Stewart also received $56,000 for a weekend driver and $30,000 for a personal trainer, according to a regulatory filing on Tuesday.
In 2009, Stewart earned $9.8 million and the year before was paid $7 million.
Charles Koppelman, executive chairman and principal executive officer of the company, earned $2.3 million in 2010, up from $2.1 million a year earlier.
Kelli Turner, the CFO, earned $1.1 million, up from $780,000; president and CEO of merchandising Robin Marino earned $1.7 million, up from $1.4 million; and general counsel Peter Hurwitz was paid $644,000, up from $424,000 a year earlier.
Last April, shares of Martha Stewart were at $7.37. On Tuesday, they closed at $3.69.
