Starz CEO Chris Albrecht's Pay Drops 92 Percent to $2.5 Million in 2014

Chris Albrecht TCA - H 2014
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Chris Albrecht TCA - H 2014

The head of the premium TV company saw his compensation fall from $30.4 million in 2013, which included $27.9 million in stock-option awards.

Starz CEO Chris Albrecht's compensation amounted to $2.45 million in 2014, down 92 percent from $30.49 million in 2013, the company said in a regulatory filing on Thursday.

In 2012, Albrecht had made $12.9 million.

Albrecht's pay packages for 2013 and 2012 benefited from big stock-option awards, which he didn't receive in 2014. In 2013, those awards had amounted to $27.9 million. In 2012, they had amounted to $11 million.

For 2014, Albrecht's salary remained unchanged at $1.25 million. His nonequity incentive-plan compensation came in at $1.19 million, down slightly from $1.33 million in 2013. The CEO's "all other compensation" rose minimally last year to $16,434, compared with $16,134 in 2013.

In 2014, Starz's operating earnings rose 6 percent, while its revenue decreased 6 percent. Starz's stock rose slightly during the year, according to Bloomberg data, which showed an 18 percent return for the stock over the past year.

Starz's second-highest-paid executive in 2014 was general counsel David Weil, with a compensation package worth $2.18 million, followed by Starz president Glenn Curtis, who made $2.17 million — down from $4.1 million in 2013 on lower stock and option awards.

Twitter: @georgszalai