Apr 30
An analysis of a regulatory filing by the Associated Press has revealed that XM Satellite Radio Holdings Inc. CEO Nate Davis received a cool $4.85 million in compensation last year.
Davis received a salary of $560,416, plus $747,500 in nonequity incentive-based compensation in 2007, according to the SEC filing. In addition, he also received stock awards valued at $3.54 million.
By comparison, XM’s former-CEO Hugh Panero received a compensation valued at
$3.71 million including $3.075 million in stock awards in 2006. Then in 2007, Panero received compensation valued at $7.27 million, including
$538,522 in salary, a severance payment of $4.95 million and stock
awards of $1.77 million.
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