2-24-2012
John Hogan has been promoted and has extended his contract with Clear Channel through the end of 2015. Hogan is now the Chairman and CEO of Clear Channel Media & Entertainment. Upon receiving his extended stay with the company and new title, Hogan said his promotion was a clear endorsement of Clear Channel's sound strategy. ?I am pleased and honored to be named to this position, which is a clear endorsement of the soundness of our strategy, the value of our assets, and the depth of the incredible team we are building here. I appreciate the energy and vision that Bob Pittman has brought to the organization and look forward to pursuing with Bob the vision we share as we continue to push the boundaries of the definition of entertainment, giving our audience what they want now and in the future.?
Clear Channel CEO Bob Pittman said ?Under John?s strong leadership and vision, Clear Channel Media and
Entertainment has integrated the company?s assets so that it is today the leading media and entertainment company in the U.S. with a greater reach than any other radio or television outlet. It provides a one-of-a-kind national platform for partners in addition to the powerful local activation market by market and demo by demo. He has built a deep creative and management team that is fulfilling the company?s commitment to offering the best entertainment, news, sports, and other experiences everywhere our listeners want us to be?on air, online, on mobile devices, and on a wide variety of emerging devices and platforms. We feel fortunate that Clear Channel Media and Entertainment has a leader like John in the driver?s seat at this transformational moment in its history.?
The extension also includes "automatic extensions from year to year thereafter unless either CCB or Hogan gives written notice of non-renewal on or before October 1, 2015, or annually, on each October 1 thereafter. Hogan can earn an incremental bonus during calendar year 2012 with a target of $900,000, based on performance criteria to be approved by CCMH?s Compensation Committee.
Hogan will also receive a restricted stock unit award with respect to the Class A common stock of CCMH on December 31, 2015 that will vest on December 31, 2016, if the target amount is less than $5,000,000 on December 31, 2015 and if he remains employed on both of those dates. The fair market value of the restricted stock unit award will equal $5,000,000 minus the target amount. The target amount as of a particular date means 251,223 times the excess, if any, of the fair market value of the shares (as defined in his Stock Option Agreements pursuant to the Clear Channel 2008 Executive Incentive Plan) on such date, over (b) $10.00.
(2/25/2012 9:43:02 PM)
Charming. And to think: this person may have something to do with Radio, has car keys and... a vote. Old material, too.
(2/25/2012 10:35:18 AM)
3)
Why did Hitler kill himself?
The Jews sent him a gas bill!
4)
How do you kill a Jew?
Strangle his wallet!
5)
How was the Grand Canyon formed?
A Jew dropped a penny down a manhole!
6)
Why do Jews have big noses?
Because the air is free!
7)
Why are Jewish synagogues round?
So they cant hide in the corner when the collection box comes round!
8)
How do you notice a Jews house?
Padlocks on the dustbins, parking meters on the roof for birds, toilet paper on the washing line!
9)
Have you heard of the Jewish "Catch 22"?
Free Ham!
10)
Did you hear about the Jewish Santa Claus?
He came down the chimney and said "Do you want to buy some presents kiddies?"
11)
How do you get 100 Jews into a Volkswagen Beetle?
Two in the back, Two in the front and ninety six in the ashtray!
12)
How was copper wire invented?
Two Jews found the same penny!
13)
Why did Hitler kill himself?
The Jews sent him the gas bill!
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