The Sirius XM Satellite Radio CEO departed the satellite service last year with plenty of money in his pockets. Karmazin earned $11 million in 2012, his last year as CEO of Sirius XM Radio, up from $10.7 million the previous year.
Karmazin, who left as Liberty Media was taking control of it through stock purchases, earned the bulk of his compensation via a $9.5 million cash bonus that was based in part on increases in subscribers, up 2 million in 2012 to 23.9 million, and a 71% increase in free cash flow to $709 million.
Current CEO James Meyer earned $3.3 million in 2012, up from $3.1 million, the company said in a regulatory filing 4/10.
Chief content officer Scott Greenstein earned $2.4 million, up from $2.3 million, and CFO David Frear was compensated $2.1 million, down from the $20.8 million he made in 2011 when he was given $18.9 million in stock options.