Martha Stewart Living Omnimedia has posted a loss the last four out of five years and the stock is now hovering at $3 a share. But you didn't expect any of that to impact Martha's own compensation package, did you? The founder of the now-struggling media company just sealed a new three-year contract that will earn her at least $2 million a year for the next three years, according to a filing with the SEC. She'll also earn a bonus of as much as $1.5 million for each of those years, plus receive a one-time "retention incentive" payment of $3 million. Oh, yea, and then there's that company-funded home delivery and backup power system at her house, which isn't bad either. [WSJ]
Submitted discussions can be approved by the author or users followed by this blog.