Liberty Media CEO Gets 5 year Deal; Maffei Stays Through 2019

Liberty Media CEO and President Greg Maffei has struck up a five year deal to remain in that role through 2019.
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Liberty Media CEO and President Greg Maffei has struck up a five year deal to remain in that role through 2019. And that makes it our stock of the day. Since Maffei took the reins in 2006, there have been alot of changes. In 2013, Liberty Media purchased a majority stake in Charter Communications. That led to a spin off into Liberty Broadband, a new publicly traded company. Liberty and Charter had pursued an buyout of Time Warner Cable but lost out to Comcast. A new compensation agreement calls for Mr. Maffei to receive an annual base salary of $960,750, increasing annually by 5%. The stock has traded in a range 30.84 - 37.99 in the last 52 weeks.