Starz Boss Albrecht's Pay Jumps to $12.9M

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Chris Albrecht's total compensation as CEO of Starz more
than doubled to $12.9 million, the company said in regulatory filings Tuesday.

Albrecht's base salary was unchanged at $1 million. He
received $11 million in option awards, up from $3.3 million in 2011.

Starz was spun off from Liberty Media to become an
independent corporation last year.

Prior
to the spin off, Liberty's compensation committee approved in principle a new
compensation arrangement in favor of Albrecht, providing for, among other
things, a new four year employment term beginning Jan. 1, 2013 with an
annual base salary of $1.25 million.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.