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Friday, July 22, 2011

Sirius XM gives CFO David Frear a raise, and more stock options

Sirius XM Frear's 2010 base salary was $750,000, and the new deal he just signed with Sirius XM Satellite Radio pegs it at $850,000, in a four-year deal that runs through July 2015. Last year, the EVP/Chief Financial Officer also made $1 million in bonus and was granted $1.6 million in stock options, for total compensation of $3,357,372. His new contract includes options to purchase up to 16 million shares at $2.18 a share, vesting over the next four years. By comparison, CEO Mel Karmazin's base salary last year was $1.5 million, and his total compensation was $9.9 million.

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