Liberty Global plays down CEO’s potential nine-figure pay packet


Liberty Global Plc’s Chief Executive Officer Mike Fries has previously ranked among the best-paid CEOs globally, putting him in an elite club alongside some other fellow John Malone company bosses. - Bloomberg

LIBERTY Global Plc’s Chief Executive Officer Mike Fries is in line for as much as $123 million in compensation, filings ahead of its June 30 annual meeting show.

The company was keen to call that gross figure misleading. Fries is able to bank about $50 million for the year finished 2019. About half of that is equity awards.

The larger nine-figure number in the proxy filing includes unearned performance-related income rolled in from the next five years, the company said. He’s not a seller of Liberty Global stock, they added.

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Liberty Global , Mike Fries , compensation

   

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