Bob Pittman Has A Million Reasons To Be Happy
October 7, 2011 at 4:13 AM (PT)
In an 8K SEC filing, CLEAR CHANNEL has made public the compensation for newly minted CEO BOB PITTMANN.
In the filing, CLEAR CHANNEL wrote, "PITTMAN will receive a base salary at a rate no less than $1,000,000 per year, which shall be increased at the discretion of CCMH's Board or its Compensation Committee. Mr. PITTMAN will also have the opportunity to earn an annual performance bonus for the achievement of reasonable performance goals established annually by the CCMH Board or its Compensation Committee after consultation with Mr. PITTMAN."