Dish Execs take a pay cut...

Slamminc11

Slamminc11

Thread Starter
Pub Member / Supporter
Jan 28, 2005
4,174
236
People: True to form, Charlie Ergen cut his own and other DISH Network exec pay as the business struggled last year. Ergen's 2010 compensation dipped 20% from the year earlier to just under $800K; EVP/COO Barnard Han took the biggest cut, -73%, as his total fell to $455.5K.

MediaBiz
 
O

old corps

SatelliteGuys Pro
Pub Member / Supporter
Jan 13, 2005
1,707
21
Mid-Michigan
Jeeze, poor guys!:coffee Maybe we could take up a collection for 'em?:rolleyes:

Ed
 
N

nsafreak

SatelliteGuys Pro
Nov 7, 2004
528
13
Denver,Co
Jeeze, poor guys!:coffee Maybe we could take up a collection for 'em?:rolleyes:

Ed

Yeah they still get paid huge sums of money and have some really large stock options. But at least they're taking somewhat of a paycut and showing a degree of responsibility. Seems that a lot of execs in various companies continue to take large payouts even if their company is doing poorly.
 
Frank7004

Frank7004

SatelliteGuys Pro
Dec 13, 2009
715
0
Indiana
As his techs and other employees are getting a nice chunk of profit sharing and raises.

Trying to take care of the small guy will pay off.

Let's not forget offering some very competitive pricing to customers and exceeding customer satisfaction.

Thank you, Sir.
 
H

hotrodamd

Member
Dec 31, 2007
5
0
i really dont know what id do if i was forced to live on 400,000 a year, i guess id maybe i could eat more bologna.

actually though im impressed, more than i can say for the politicians who got us in this mess.
maybe they too should think about tightening the belt.

i have. you have, we all have except them and the cronies int the circle of greed.

just noticed this is my first post, maybe i should have went to the lobby and introduced myself (like years ago) :D
 
Tyralak

Tyralak

SatelliteGuys Master
Oct 21, 2003
5,702
167
Secure, Undisclosed Location
As his techs and other employees are getting a nice chunk of profit sharing and raises.

Trying to take care of the small guy will pay off.

Let's not forget offering some very competitive pricing to customers and exceeding customer satisfaction.

Thank you, Sir.

I agree. Credit where credit is due. I got a decent raise this year, and the profit sharing. I'm happy.
 
B

bill42

SatelliteGuys Guru
May 2, 2009
130
0
de
For exec pay, one has to look at total compensation not just base pay. Poverty is spreading
 
D

DishSubLA

SatelliteGuys Master
Apr 9, 2006
5,359
1,249
Dish executive salaries are nowhere near the industry standard as it is a small company, but it makes up for it by providing stock in the company to the top execs and that is where the execs get the real compensation, not the salaries, but even those cash-outs still leave the execs well behind their counterparts at DirectTV or any of the other mega-media conglomerates with whom they compete. The real execs pay is in the stock portfolio, not the salaries that are chump change compared to the cash-out the are allowed only a few short periods. Dish couldn't get some of the people they have without the stock compensation, but it also explains why Dish can't get the best out there. Even if Chase Carey were available, Dish salary and stock compensations are not even near enough to lure his kind of talent and skill. Dish has to get by with those who are drawn to Dish for its potential growth, challenges, and somewhat loose corporate culture compared to much bigger companies.
 
Claude Greiner

Claude Greiner

SatelliteGuys Master
Supporting Founder
Sep 8, 2003
13,225
3,769
Detroit - The Paris of the Midwest
I can't speak for Barnard Han, but Charlie can take pay cuts all day long. When you own 51% of the company, and you got millions of dollars what difference does it make if Charlie takes a check or not? He is paying himself with his own money.

If I know Charlie, he probably dropped his pay so he could be in a lower tax bracket. There is no point in paying yourself if you don't need the money and are just going to pay taxes on the money you earn/
 
jerryez

jerryez

Supporting Founder
Supporting Founder
Sep 8, 2003
4,496
965
Pensacola,FL
By cutting his own salary, he gets to cut his exec's salaries, which save him money.
 
AlaJoe

AlaJoe

SatelliteGuys Pro
Mar 5, 2005
417
210
This is all my fault. I should have know a few months ago when they ask for another 5 dollars a month from me that they were not kidding and really needed it. Instead of giving them another $5 though they irked me with the request. I instead cut my bill by over $40 a month by upgrading to a 922 and getting free HD, Canceling HBO, the platinum pack, and service plan and swapping a second duo dvr for a single.
 
G

grb

SatelliteGuys Pro
Jun 7, 2005
809
0
Southern CA
I can't speak for Barnard Han, but Charlie can take pay cuts all day long. When you own 51% of the company, and you got millions of dollars what difference does it make if Charlie takes a check or not? He is paying himself with his own money.

If I know Charlie, he probably dropped his pay so he could be in a lower tax bracket. There is no point in paying yourself if you don't need the money and are just going to pay taxes on the money you earn/

"millions of dollars"? -- Charlie has a net worth of $7 BILLION -- or $7,000 million if my math is right. He has to take a much bigger cut to get to a lower tax bracket. His pay is .011% of his net worth -- hardly even pocket change...
 
D

DishSubLA

SatelliteGuys Master
Apr 9, 2006
5,359
1,249
I think what you have here is the age old practice of putting good press out there for the masses to consume.

+1 And Dish salaries are a pittance for comparable positions at the competition. In the case of Dish, it is the stock cash outs that really pay for the Dish execs, so it is great for publicity to say the exec salaries cut.
 
Bob Haller

Bob Haller

Supporting Founder
Supporting Founder
Sep 11, 2003
25,124
4,060
pittsburgh pa
Maybe the executive team should look inward as to what decisions they are making causing long term churn and shrikage of subs while D is growing all in the same economic situation??????

Perhaps they earned the pay cut?
 
Lord_Vader

Lord_Vader

SatelliteGuys Pro
Aug 17, 2007
755
0
Richmond, VA
He didn't get a pay cut. It was just that some of his loyalty credits ran out. But the good news is that his pay is guaranteed until 2012. :D
 

Similar threads

BobMurdoch
Replies
27
Views
4K
wmhjr
W
iafirebuff
Replies
13
Views
40K
ZandarKoad
ZandarKoad
K
Replies
4
Views
1K
vodad
vodad
B
Replies
20
Views
4K
BobMurdoch
BobMurdoch
Scott Greczkowski
Replies
3
Views
1K
Scott Greczkowski
Scott Greczkowski

Users Who Are Viewing This Thread (Total: 0, Members: 0, Guests: 0)

Top