Welcome HOME to SatelliteGuys! We are America's Most Popular Satellite Forum!

        

Results 1 to 4 of 4

Thread: Eddy Hartenstein to get 12 million $$ for retiring

  1. #1
    Join Date
    Jan 26th, 2004
    Location
    Wherever theres Wind theres Power - Big Ol Windy City Chicago IL in USA
    Posts
    3,364
    Post Thanks / Like

    Lightbulb Eddy Hartenstein to get 12 million $$ for retiring

    DirecTV's departing vice chairman to get $12 million


    WASHINGTON (Dow Jones/AP) -- DirecTV Group Inc. vice chairman Eddy Hartenstein, who is set to retire Dec. 31, will get $12 million under an agreement with the company.

    The satellite television provider said in a filing with the Securities and Exchange Commission that the amount will settle his rights to an annual bonus for 2004, severance, reimbursement of outplacement and payments for long-term achievement plan awards and restricted stock units warded under the company's stock incentive plans.

    Hartenstein said Thursday he would retire at the end of the year. The 54-year-old was chairman and chief executive of DirecTV until its takeover by media giant News Corp. a year ago.

    Chase Carey, then a director and adviser to News Corp., became president and CEO at DirecTV, and News Corp. chairman and CEO Rupert Murdoch took on the chairman position at the satellite TV company.

    Shares of El Segundo, Calif.-based DirecTV finished at $15.84 Wednesday, down 8 cents on the New York Stock Exchange.


  2. # ADS
    Register Today & This Ad Goes Away! Syndicated Advertisement
    Join Date
    Always
    Location
    Advertising world
    Posts
    Many

    Reigster at SatelliteGuys
     
  3. #2
    Join Date
    Nov 5th, 2004
    Location
    western pa.
    Posts
    144
    Post Thanks / Like
    he deserves it ,,,,,and maybe more!!!!!!!!!!!!!!!!!

  4. #3
    Join Date
    Apr 17th, 2004
    Location
    South Jersey
    Posts
    485
    Post Thanks / Like
    they could shoot me for that , damn im gonna retire and i MIGHT get a watch, oh yeah never mind i own the company and im too damn cheap

  5. #4
    Help Keep SatelliteGuys For All, Click a Star and Become a Supporter! Stargazer did! Help Support The Site And Get Rid of the Syndicated Ads, Stargazer did! If you enjoy the site consider supporting it, Stargazer did! Be COOL like Stargazer and Click a Star and become a Supporting Pub Member today!
    Join Date
    Sep 7th, 2003
    Location
    Western WV
    Posts
    15,187
    Post Thanks / Like
    At $12 million he could put the money in the bank and get about half a million a year alone in just the internet he would get if he put them into cd's.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •