Providence Journal parent A.H. Belo awarded its top five executives nearly $1.6 million in cash bonuses last year, the company disclosed Monday in an SEC filing.
A.H. Belo CEO Robert Decherd’s total compensation more than tripled to $1.87 million in 2010, up from $499,180 in 2009, according to WPRI.com calculations based on the SEC filing.
Decherd’s 2010 pay package included a $480,000 salary; a $408,000 cash bonus; $949,998 worth of stock awards; and $29,872 in “other compensation.” The latter category included $8,760 for life insurance, $3,150 in tax gross-ups to make up for the cost of taxes on other benefits, and a $420 cell phone allowance.
Among the other four top executives, Dallas Morning News Publisher James Moroney earned $1.3 million in 2010, up from $478,090 in 2009; Morning News President and General Manager John McKeon earned $1.3 million in his first year on the job; Chief Financial Officer Alison Engel earned $800,001, up from $276,765; and Senior Vice President Daniel Blizzard earned $575,000, up from $211,228.
The largest cash bonus went to McKeon, who received $584,960, most of it as a retention bonus. Moroney got $327,250 in cash, Engel got $150,000 and Blizzard got $100,000. Dallas-based A.H. Belo owns the Projo, The Morning News and The Press-Enterprise of Riverside, Calif.
My favorite is Decherd's cellphone allowance.