This should get some more fuel to the Virgin Mobile USA (NYSE: VM) naysayers who have hammered the stock in the last month or so after disappointing earnings (though his other move listed below might mollify them a bit): CEO Dan Schulman took in $11.4 million in 2007 compensation, which includes salary, bonus, the value of stock options and other awards granted during the year, and incentives and perks, reports Reuters (NSDQ: RTRSY), citing its first proxy filing since it did its IPO on NYSE last year.
According to the filing, Schulman, who has been the CEO since October 2001, received $592,033 as salary, and $676,800 in bonus.His non-equity incentive plan compensation, under Virgin Mobile’s debt bonus plan, came in at $612,567. He was awarded $9.5 million in 2007 stock options. Prior to VMUSA, he was the CEO of Priceline.com. Form the filing, here’s the rationale from the compensation committee for the company: “Mr. Schulman
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