SEC: Celebs Rumors

+98

BuzzFeed CEO Jonah Peretti Takes Salary Cut, Shifting Most of His Compensation to Stock. Will It Make a Difference?

Todd Spangler NY Digital Editor BuzzFeed is changing the way it compensates founder and CEO Jonah Peretti, who will now receive most of his pay package in stock, in addition to introducing new incentives for other top execs — a bid to persuade shareholders that the senior leaders will be better incentivized to turn things around at the struggling digital media company. In an SEC filing Friday, BuzzFeed said Peretti’s annual base salary was immediately reduced from $325,000 to $115,000, “which approximates the median employee compensation for BuzzFeed and its peers.” That will also reduce the annual cash bonus for which Peretti is eligible (the target amount of which remains 100% of his salary).
variety.com

All news where SEC is mentioned

DMCA