DTV » Topics » 2007 Summary of Compensation

This excerpt taken from the DTV DEF 14A filed Apr 21, 2008.

2007 Summary of Compensation

        The 2007 Summary Compensation Table sets forth the compensation paid or accrued by the Company for Mr. Carey, the Principal Executive Officer, Mr. Doyle, the Principal Financial Officer and each of the Company's other three most highly compensated executive officers. Persons named in the 2007 Summary Compensation Table are referred to collectively as the "named executives," "named executive officers," or "executive officers."


2007 SUMMARY COMPENSATION TABLE(1)

Name and Principal Position
(a)

  Year
(b)

  Salary
($)
(c)

  Stock
Awards
($)
(d)

  Option
Awards
($)
(e)

  Non-Equity
Incentive Plan
Compensation
($)
(f)

  Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Plan Earnings
($)
(g)

  All Other
Compensation
($)
(h)

  Total
($)
(i)

Chase Carey
President and Chief Executive Officer
  2007
2006
  2,213,822
2,149,590
  5,674,500
5,674,500
  1,132,756
0
  4,200,000
4,000,000
  333,984
321,558
  375,764
325,256
  13,930,826
12,470,904
Patrick T. Doyle
Senior Vice President and Chief Financial Officer
  2007   437,386   429,361   0   325,000   45,542   60,431   1,297,720
Bruce B. Churchill
Executive Vice President and President DIRECTV Latin America and New Enterprises
  2007
2006
  1,091,242
1,023,307
  858,723
955,400
  0
0
  1,350,000
1,200,000
  118,791
117,749
  124,517
131,398
  3,543,273
3,427,854
Michael W. Palkovic
Executive Vice President, Operations
  2007
2006
  732,244
699,543
  753,524
709,888
  0
0
  625,000
500,000
  161,748
184,125
  80,880
60,557
  2,353,396
2,154,113
Larry D. Hunter
Executive Vice President, Legal, Human Resources and Administration, General Counsel and Secretary
  2007
2006
  744,276
699,537
  784,827
733,283
  0
0
  625,000
500,000
  319,052
356,067
  84,720
103,386
  2,557,875
2,392,273

(1)
This table includes data for only fiscal years 2006 and 2007 as permitted by SEC rules. We do not show Mr. Doyle's 2006 compensation because he was not a named executive officer in 2006.

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This excerpt taken from the DTV DEF 14A filed Apr 27, 2007.

2006 Summary of Compensation

        The 2006 Summary Compensation Table sets forth the compensation paid or accrued by the Company for Mr. Carey, the Principal Executive Officer, Mr. Palkovic, the Principal Financial Officer and each of the Company's other three most highly compensated executive officers. Persons named in the 2006 Summary Compensation Table are referred to collectively as the "named executives," "named executive officers," or "executive officers."

33




2006 SUMMARY COMPENSATION TABLE1

Name and Principal Position
(a)

  Year
(b)

  Salary
($)
(c)

  Stock
Awards
($)
(d)

  Non-Equity
Incentive Plan
Compensation
($)
(e)

  Change in Pension
Value and Nonqualified
Deferred Compensation
Plan Earnings
($)
(f)

  All Other
Compensation
($)
(g)

  Total
($)
(h)

Chase Carey
President and Chief Executive Officer
  2006   2,149,590   5,674,500   4,000,000   321,558   325,256   12,470,904
Michael W. Palkovic
Executive Vice President and Chief Financial Officer
  2006   699,543   709,888   500,000   184,125   60,557   2,154,113
Bruce B. Churchill
Executive Vice President and President DIRECTV Latin America and New Enterprises
  2006   1,023,307   955,400   1,200,000   117,749   131,398   3,427,854
Larry D. Hunter
Executive Vice President, Legal and Human Resources, General Counsel and Secretary
  2006   699,537   733,283   500,000   356,067   103,386   2,392,273
Romulo Pontual
Executive Vice President and Chief Technology Officer
  2006   749,567   702,000   400,000   66,136   98,794   2,016,497

(1)
As permitted by SEC rules, this table only includes data for fiscal year 2006. Information regarding executive compensation for previous years is available in the Company's Proxy Statement for our 2006 Annual Meeting of Stockholders filed with the SEC on April 28, 2006 and available on the Company's website at www.directv.com.

34


Notes to 2006 Summary Compensation Table

        Named Executives.    Mr. Carey is reported in this table as the Principal Executive Officer and Mr. Palkovic as the Principal Financial Officer. Messrs. Churchill, Hunter and Pontual are the other named executive officers. Mr. Carey is also a director of the Company, but receives no compensation for serving as a director.

        Salary.    The amounts shown in column (c) represent the salary paid to the named executive officer during 2006 and include amounts that the executive elected to contribute to two savings plans: the 401-K Plan and the Excess Plan Savings Benefit. There were no contributions from salary to the Executive Deferred Compensation Plan. The base salary amounts for 2006 differ slightly from the amounts shown in 2006 Supplementary Table 3 on page 31 due to the payroll periods at the beginning and end of each year that bridge the calendar years.

        Stock Awards.    The amounts shown in column (d) represent the aggregate expense recognized for financial statement reporting purposes in 2006 for all unvested grants in accordance with SFAS 123R for the named executive officers, based on anticipated payout percentages related to the achievement of performance targets but excluding estimates for forfeitures related to service based vesting conditions. Refer to Note 14: Share-Based Payment of the Notes to the Consolidated Financial Statements of Form 10-K for the fiscal year ended December 31, 2006 for a discussion of the assumptions made in the valuation of the amounts shown in this column. For additional information about these awards, please see the accompanying 2006 Grants of Plan-Based Awards Table and related discussion beginning on page 38. The Company did not grant stock options to the named executive officers or to any other person in 2006.

        Non-Equity Incentive Compensation.    The amounts shown in column (e) represent performance-based bonuses earned under the Bonus Plan for performance during the year, but actually paid in the subsequent year. Interest or earnings are not paid to the executive officers either before or after payment of the bonuses. The amounts shown in column (e) include amounts that the executive elected to contribute to two savings plans: the 401-K Plan and the Excess Plan Savings Benefit. There were no contributions to the Executive Deferred Compensation Plan from the 2006 bonuses.

        Change in Pension Value and Nonqualified Deferred Compensation Earnings.    The amounts shown in column (f) of the 2006 Summary Compensation Table are the changes in pension value of the accumulated pension benefit for each named executive officer as of December 31, 2006 as compared to December 31, 2005.

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