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Monday, December 5, 2011

Cumulus Salaries Made Public in Filing

In a filing with the SEC the salaries of top Cumulus brass were made public for shareholders to see. The salaries run through November of 2014 and do not include incentive bonuses. CEO Lew Dickey will receive a salary of $1.4 million per year. His brother and co-chief operating officer John Dickey will be paid $875K. John Pinch, executive vice president and co-chief operating officer will receive $775K. General Counsel and Secretary Richard Denning will be paid $500K and Treasurer and CFO Joseph Hannan will receive $550K.

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