Liberty Global CEO Michael Fries' 2018 pay jumps 671% to $33M
Liberty Global reports 2018 executive compensation
By ExecPay News
Published: April 30, 2019
Liberty Global reported fiscal year 2018 executive compensation information on April 30, 2019.
In 2018, five executives at Liberty Global received on average a compensation package of $13M, a 46% increase compared to previous year.
Michael T. Fries, Chief Executive Officer, received $33M in total, which increased by 93% compared to 2017. 68% of Fries' compensation, or $22M, was in stock awards. Fries also received $126K of change in pension value and nonqualified deferred compensation earnings, $7.7M in option awards, $2.1M in salary, as well as $784K in other compensation.
For fiscal year 2018, the median employee pay was $91,570 at Liberty Global. Therefore, the ratio of Michael T. Fries' pay to the median employee pay was 360 to one.
Enrique Rodriguez, Chief Technology Officer, received a compensation package of $9.6M. 56% of the compensation package, or $5.4M, was in stock awards.
Charles H.R. Bracken, Chief Financial Officer, earned $8.8M in 2018, a 4% decrease compared to previous year.
Diederik Karsten, Executive Vice President & Chief Commercial Officer, received $7.8M in 2018, which increases by 81% compared to 2017.
Bryan H. Hall, General Counsel, earned $7M in 2018, a 61% increase compared to previous year.