Martha Stewart's Compensation Drops 40% in 2010
The decline is due to the stock price of her company being cut in half the past 11 months.
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.