A new regulatory filing breaks down just how much a media CEO who ranks as “the most overpaid executive” was paid for the latest fiscal year.
Bloomberg reports that Lions Gate Entertainment CEO Jon Feltheimer received $63.6 million in compensation for the period, qualifying him as one of the most richly rewarded executives in Hollywood.
“Feltheimer, who has led Lions Gate since 2000, ranks as the most overpaid executive in a study of 373 companies by Graef Crystal, a pay expert and Bloomberg News consultant,” the story reports. “His compensation is more than nine times over the market, based on the study, which takes into account company size, total return versus the Standard & Poor’s 500 Index in the latest fiscal year and tenure as chief executive.”
Feltheimer, 62, received $1.47 million in salary, $11.7 million in stock awards, $41.5 million in options, and an $8.75 million bonus, the company said in a regulatory filing. He also received $200,000 in other pay, which included club membership dues of $24,000.
Media executives are benefiting from rising share prices, and Lions Gate is no exception. With hit films such as the “Hunger Games” movies and the success of the “Mad Men” TV series, Lions Gate shares almost doubled last year.