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03-25-2011, 01:45 AM
NEW YORK (Dow Jones)--Michael White's total reported compensation was $32.9 million in his first full year as chief executive of DTV Group Inc. (DTV).
A majority of White's compensation came from the $14.7 million in stock and $12.5 million in options he received last year, according to a filing with the Securities and Exchange Commission.
White was at the helm of DTV as the satellite provider continued to drive customer growth despite a strategy to improve the quality of the company's subscriber base. It was able to take market share from rival DN, as well as from cable providers. Beyond strong growth in the U.S., the Latin America business also exploded thanks to the draw of pay-TV service during the World Cup.
DTV's shares rose 18% in 2010. It recently rose 0.7% to $45.26 in premarket trading.
DTV Chief Financial Officer Patrick Doyle had total compensation of $3.4 million, up from $2.6 million a year earlier.
Bruce Churchill, who runs the Latin America business, had total compensation of $5.8 million, up from $4.9 million a year earlier.
-By Roger Cheng, Dow Jones Newswires
A majority of White's compensation came from the $14.7 million in stock and $12.5 million in options he received last year, according to a filing with the Securities and Exchange Commission.
White was at the helm of DTV as the satellite provider continued to drive customer growth despite a strategy to improve the quality of the company's subscriber base. It was able to take market share from rival DN, as well as from cable providers. Beyond strong growth in the U.S., the Latin America business also exploded thanks to the draw of pay-TV service during the World Cup.
DTV's shares rose 18% in 2010. It recently rose 0.7% to $45.26 in premarket trading.
DTV Chief Financial Officer Patrick Doyle had total compensation of $3.4 million, up from $2.6 million a year earlier.
Bruce Churchill, who runs the Latin America business, had total compensation of $5.8 million, up from $4.9 million a year earlier.
-By Roger Cheng, Dow Jones Newswires