Cumulus' Lew Dickey salary up 23%

[rho01]

Cumulus Chairman's Salary Up 23% In 2005
April 12, 2006
By Sven Philipp
http://www.billboardradiomonitor.co...article_display.jsp?vnu_content_id=1002342790

Cumulus Media’s president, chairman and CEO Lew Dickey earned about $1.5 million in total compensation last year, the Atlanta Business Chronicle reports.

That figure, based on a proxy filing with the Securities Exchange Commission, represents a 23% increase over Dickey's total compensation in 2004. In 2005, Cumulus paid its chairman a base salary of $774,830, a bonus of $700,000 and a $12,000 car allowance. In addition, Dickey received a long-term compensation package in the form of $3.4 million in restricted stock.

In 2004, Atlanta-based station owner and operator paid Dickey a base salary of $677,496, with a bonus of $523,600 and a car allowance of $12,000.

 

[Sexyvirilestud]

David Dickey salary also up 23%

In a related announcement, The Atlanta Business Chronicle has announced that 680 The Fan has fired all local talk show hosts, except for morning and afternoon drive. 680 has also decided to not hire a program director, force its production director to handle program director duties (without extra salary), carry 90 percent syndicated shows, and force on-air staffers to buy their own headphones, microphones and studio equipment.

The extra money saved will go towards David Dickey's newest yacht (his fourth), as well as new homes in Paris, London, Rio De Janeiro, and Greenwich, Connecticut.


Oh. By the way, 680 The Fan is still pulling a .7 share.

 

[DaleGriffin]

Re: David Dickey salary also up 23%

> In a related announcement, The Atlanta Business Chronicle
> has announced that 680 The Fan has fired all local talk show
> hosts, except for morning and afternoon drive. 680 has also
> decided to not hire a program director, force its production
> director to handle program director duties (without extra
> salary), carry 90 percent syndicated shows, and force on-air
> staffers to buy their own headphones, microphones and studio
> equipment.
>
> The extra money saved will go towards David Dickey's newest
> yacht (his fourth), as well as new homes in Paris, London,
> Rio De Janeiro, and Greenwich, Connecticut.
>
>
> Oh. By the way, 680 The Fan is still pulling a .7 share.
>


Maybe they fired them because they were getting a .7 share?

 

[MartyandElaine]

Re: David Dickey salary also up 23%

YO YO YO, Don't hate the playa, Hata!!!


> In a related announcement, The Atlanta Business Chronicle
> has announced that 680 The Fan has fired all local talk show
> hosts, except for morning and afternoon drive. 680 has also
> decided to not hire a program director, force its production
> director to handle program director duties (without extra
> salary), carry 90 percent syndicated shows, and force on-air
> staffers to buy their own headphones, microphones and studio
> equipment.
>
> The extra money saved will go towards David Dickey's newest
> yacht (his fourth), as well as new homes in Paris, London,
> Rio De Janeiro, and Greenwich, Connecticut.
>
>
> Oh. By the way, 680 The Fan is still pulling a .7 share.
>

 

[goddess]

Re: David Dickey salary also up 23%

Welcome to the "wonderful" world of radio as it is today. GMs, OMs, sales managers and corporate execs all making the money. While the on-air staff, who pulls double duty, does multi-tasking, numerous on-air shifts AND live broadcasts, all which add up to long hours, no real appreciation and low pay! Gotta love the business, sad but it didn't use to be this way.



> > In a related announcement, The Atlanta Business Chronicle
> > has announced that 680 The Fan has fired all local talk
> show
> > hosts, except for morning and afternoon drive. 680 has
> also
> > decided to not hire a program director, force its
> production
> > director to handle program director duties (without extra
> > salary), carry 90 percent syndicated shows, and force
> on-air
> > staffers to buy their own headphones, microphones and
> studio
> > equipment.
> >
> > The extra money saved will go towards David Dickey's
> newest
> > yacht (his fourth), as well as new homes in Paris, London,
>
> > Rio De Janeiro, and Greenwich, Connecticut.
> >
> >
> > Oh. By the way, 680 The Fan is still pulling a .7 share.
>
> >
>
>
> Maybe they fired them because they were getting a .7 share?
>

 

[mshawnarnold]

Re: David Dickey salary also up 23%

> Welcome to the "wonderful" world of radio as it is today.
> GMs, OMs, sales managers and corporate execs all making the
> money. While the on-air staff, who pulls double duty, does
> multi-tasking, numerous on-air shifts AND live broadcasts,
> all which add up to long hours, no real appreciation and low
> pay! Gotta love the business, sad but it didn't use to be
> this way.
>
>

uhhhh,why is that weird? How about welcome to the world of corporate America? Executives and mangers, Ceo's, Managing partners, etc., always make more than positions below them. It's what happens when you work somewhere long enough or garner enough experience and move up the ladder.

 

[Sexyvirilestud]

A snake like Dickey....

> uhhhh,why is that weird? How about welcome to the world of
> corporate America? Executives and mangers, Ceo's, Managing
> partners, etc., always make more than positions below them.
> It's what happens when you work somewhere long enough or
> garner enough experience and move up the ladder.


A snake like David Dickey would never let anyone move up the ladder. If somebody moved up the ladder to, let's say program director, that somebody would command a higher salary, which in turn would force Dickey to give up one of his yachts or Bentleys.

You DO realize that 680 The Fan has had a PROGRAM DIRECTOR'S OPENING FOR THREE YEARS, and nobody has "moved up the ladder"?!???

 

[goddess]

Re: David Dickey salary also up 23%

> > Welcome to the "wonderful" world of radio as it is today.
>
> > GMs, OMs, sales managers and corporate execs all making
> the
> > money. While the on-air staff, who pulls double duty, does
>
> > multi-tasking, numerous on-air shifts AND live broadcasts,
>
> > all which add up to long hours, no real appreciation and
> low
> > pay! Gotta love the business, sad but it didn't use to be
> > this way.
> >
> >
>
> uhhhh,why is that weird? How about welcome to the world of
> corporate America? Executives and mangers, Ceo's, Managing
> partners, etc., always make more than positions below them.
> It's what happens when you work somewhere long enough or
> garner enough experience and move up the ladder.
>


Yeh most everyone get's it that supervisors etc. make more money, that's obvious, a given. But your comment on the latter part, not exactly how it happens any longer, at least not in radio. You are given more work with no extra pay, that's not a step up the ladder by any means! Just means you, as an employee, are expected to do more for the good of the company thinking or hoping one would be given a better opportunity for stepping up to the plate. BUT, and that's a big but, it rarely happens if at all. You're just expected to take on extra responsibility and do it for the love of the job.

 

[sunwalker]

Re: David Dickey salary also up 23%

> > In a related announcement, The Atlanta Business Chronicle
> > has announced that 680 The Fan has fired all local talk
> show
> > hosts, except for morning and afternoon drive. 680 has
> also
> > decided to not hire a program director, force its
> production
> > director to handle program director duties (without extra
> > salary), carry 90 percent syndicated shows, and force
> on-air
> > staffers to buy their own headphones, microphones and
> studio
> > equipment.
> >
> > The extra money saved will go towards David Dickey's
> newest
> > yacht (his fourth), as well as new homes in Paris, London,
>
> > Rio De Janeiro, and Greenwich, Connecticut.
> >
> >
> > Oh. By the way, 680 The Fan is still pulling a .7 share.
>
> >
>
>
> Maybe they fired them because they were getting a .7 share?
>
ROFL, that makes too much sense, but then again if they are doing so bad, why is their big guy taking so much money.

 

[mshawnarnold]

Re: David Dickey salary also up 23%

> >
> > uhhhh,why is that weird? How about welcome to the world of
>
> > corporate America? Executives and mangers, Ceo's,
> Managing
> > partners, etc., always make more than positions below
> them.
> > It's what happens when you work somewhere long enough or
> > garner enough experience and move up the ladder.
> >
>
>
> Yeh most everyone get's it that supervisors etc. make more
> money, that's obvious, a given. But your comment on the
> latter part, not exactly how it happens any longer, at least
> not in radio. You are given more work with no extra pay,
> that's not a step up the ladder by any means! Just means
> you, as an employee, are expected to do more for the good of
> the company thinking or hoping one would be given a better
> opportunity for stepping up to the plate. BUT, and that's a
> big but, it rarely happens if at all. You're just expected
> to take on extra responsibility and do it for the love of
> the job.
>

Once again, not at all different from anyone in any other industry. Radio is far from the only industry where people in charge have said, "By the way, here are some new responsiblities for you, but we aren't going to give you any more money. That happens everywhere. The reason this happens is because, as with most industries, almost everyone is easily replaced. There are probably tens of thousands of people that would love to break into radio, and would be willing to do it for free. that hurts the marketplace. In other corporate fields, managers know that they can give more work with no additional pay because if that person doesn;t like it, they will quit, and they can easily be replaced. It's the nature of a capitalist model, and the same in radio as it is in any other business.

 

[goddess]

Re: David Dickey salary also up 23%

> > >
> > > uhhhh,why is that weird? How about welcome to the world
> of
> >
> > > corporate America? Executives and mangers, Ceo's,
> > Managing
> > > partners, etc., always make more than positions below
> > them.
> > > It's what happens when you work somewhere long enough or
>
> > > garner enough experience and move up the ladder.
> > >
> >
> >
> > Yeh most everyone get's it that supervisors etc. make more
>
> > money, that's obvious, a given. But your comment on the
> > latter part, not exactly how it happens any longer, at
> least
> > not in radio. You are given more work with no extra pay,
> > that's not a step up the ladder by any means! Just means
> > you, as an employee, are expected to do more for the good
> of
> > the company thinking or hoping one would be given a better
>
> > opportunity for stepping up to the plate. BUT, and that's
> a
> > big but, it rarely happens if at all. You're just
> expected
> > to take on extra responsibility and do it for the love of
> > the job.
> >
>
> Once again, not at all different from anyone in any other
> industry. Radio is far from the only industry where people
> in charge have said, "By the way, here are some new
> responsiblities for you, but we aren't going to give you any
> more money. That happens everywhere. The reason this
> happens is because, as with most industries, almost everyone
> is easily replaced. There are probably tens of thousands of
> people that would love to break into radio, and would be
> willing to do it for free. that hurts the marketplace. In
> other corporate fields, managers know that they can give
> more work with no additional pay because if that person
> doesn;t like it, they will quit, and they can easily be
> replaced. It's the nature of a capitalist model, and the
> same in radio as it is in any other business.

My comment was that radio was not always like the way it is today, not that it was different than any other industry today. That's my experience after being in radio for a long time and working in big & small markets. And tens of thousands would love to break into radio??? Now that made me laugh out loud! Uhh not the case anymore either. It's hard enough just to find interns who want to participate in the radio biz!
>