Emmis and Walsh sign a new deal that will keep the Executive VP/CFO/COO with the company through September of 2013. For his three titles and hefty responsibilities Walsh will receive $600,000 as a base salary. Bonuses and incentives along the way could, at least, double that number. Walsh also has some stock option opportunities with Emmis.
The Emmis compensation committee also approved the payment of bonuses to Walsh, CEO Jeff Smulyan and Rick Cummings in the amounts equal to 125%, 45% and 12%, respectively, of their current base salaries for the Merlin Media transaction. In the most recent Emmis 10K Smulyan's base salary was listed at $613,000, Walsh earned a base of $387,000 and Cummings base was $330,000
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