Ken Lowe, the chief executive and chairman of Scripps Networks, saw his pay jump by almost 47% in 2012, reports Deadline.com.
Lowe’s raise came during a year when Scripps’ shares jumped almost 34%, the story notes. Scripps owns cable networks including HGTV and Food Network.
His pay package included $1.3 million in salary, $7.4 million in stock awards, $1.4 million in option awards, $1.7 million in non-equity incentives, $2 million for a change in pension value and $441,155 in other compensation, the story says. All together, that’s $14.2 million.
"Lowe’s package is 3.1 times higher than the median for the four other highest-paid execs. That’s better than last year, when he made 3.5 times the median. But it’s still high enough to worry corporate governance watchdogs who say that a CEO’s pay can be considered out of whack when it’s at least 3 times higher than the average for his or her top colleagues," the story points out.