Ergen pockets $95m
March 22, 2021
Charlie Ergen, who is a major shareholder in Dish Network and EchoStar, has enjoyed a bump in his overall salary and compensation.
Ergen is not quite in the same league as Jeff Bezos or Elon Musk, but this past year his total compensation has rocketed from $2.36 million to $94.7 million although a large portion of that sum is a share option and incentive awards which were worth $91.2 million.
His actual salary fell slightly (to $888,462 from $1 million) in 2020.
The news emerged in a Securities & Exchange Control (SEC) filing and a letter to shareholders by Ergen’s company on March 19th.
Ergen and fellow co-founder Jim DeFranco hold powerful executive positions within the business. Ergen for example, still retains 90.4 per cent of the total voting power. Ergen holds 52 per cent of the Class A Common Stock in partnership with his wife Cantey. As to Class B Common Stock, Ergen and his wife hold 99.8 per cent of the issued shares.