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SBD Global/April 14, 2014/Media

Sky Deutschland Shareholders Criticize CEO Brian Sullivan's Salary Of More Than $8.3M

German pay-TV channel Sky Deutschland CEO Brian Sullivan "has been criticized by company shareholders over his salary" of more than €6M ($8.3M) in '13, according to Petra Schwegler of W&V. During the company's shareholder meeting on Thursday, shareholders said that "this salary does not fit the company's economic situation." Sullivan "is earning too much, also in comparison to other CEOs." Sky's supervisory board "defended Sullivan's salary." Board member Markus Tellenbach said that Sullivan "has significally contributed to the company's positive development." During the previous year, Sky "increased its subscriber base to more than 3.6 million and for the first time made an operating profit." The pay-TV network "is currently in negotiations with Sullivan about a contract extension" (W&V, 4/10).
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