Sillerman’s SFX compensation package doubled to over $30 million in 2013
Bob Sillerman, CEO of SFX Entertainment, has seen his compensation grow to a little over $30 million in 2013 due to a large increase in option and stock awards. Initially, Sillerman was awarded $1 in compensation, but has received $9.9 million in stock awards and $20.4 million in option awards to bring his total 2013 compensation to $30.4 million. In 2012, his total compensation package amounted to $15.1 million. SFX President Tim Crowhurst and COO Joe Rascoff have also seen increases in their awards go up to $5.7 million and $5.2 million respectively. Sillerman took SFX public last October and the company has been aggressively expanding since, acquiring assets throughout the dance music business.
The stock has taken a hit of nearly 50% as the market capitalization has dropped from a little over $1 billion to $536 million since its IPO.
Via: Billboard Biz