Filed Under: You can do what you want when you own the company…
Newspaper reports, Radio One CEO’s pay hike not the norm for state executive. The 70 percent base salary raise awarded to Radio One CEO Alfred Liggins III this year is well above raises being given to some other Maryland company executives — most of whom lead businesses that, unlike Radio One, are profitable.
Liggins’ annual salary is increasing from $575,370 in 2007 to $980,000 for three years starting this year, according to a recent filing with the U.S. Securities and Exchange Commission. He will also receive a $1 million signing bonus and a $4.8 million bonus to compensate him for ‘‘losses associated with his past employment contract,” the filing reads. [read the whole story here]
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