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Emmis Communications Corp. Message Board

  • malealpha3333 malealpha3333 Dec 22, 2009 5:18 PM Flag

    EMMS News: WAY over paid CEO

    Emmis exit
    Paul Fiddick has resigned as International Division President at Emmis Communications. He will receive a lump sum payment of approximately $509,000 and continue as a director of Emmis International, providing strategic advisory services to the company.

    Emmis renewal
    Emmis Communications founder and CEO Jeff Smulyan has signed a new three-year contract, but reduced his initial base salary to $792,259 from $833,957. He did, however, get a $200K signing bonus and performance units having a value, if earned, of $700,000, provided the company hits EBITDA targets.

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