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| Bob Pittman |
Mays has been Chairman of the Board since March 31, 2011
when he relinquished titles of President and CEO. Mark Mays will continue on the board – but his
brother Randall is leaving. According to the filing, Randall “is not standing
for re-election,” and he won’t be replaced.
That shrinks the size of the board from 13 members to 12,
following the upcoming annual meeting.
The filing stated having Pittman as CEO and Board Chairman
will “help facilitate the flow of information between management and the
board.” The company also states it believes Pittman provides us with a clear
leadership structure.
Bob Pittman made $3,645,145 last year from Clear Channel. The
board added a discretionary bonus of $597,000 follwing what it termed “subjective review” of his performance.
As for John Hogan, he made about $300,000 less than Pittman. His total 2012 compensation was $3,335,324 –
up substantially from $2,477,307 in 2011, thanks to stock awards.
EVP/CFO Tom Casey took home even more than Hogan or Pittman
– a total of $4,265,256.
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