“Mad Money” host Jim Cramer made more than $2.4 million in 2006 from his base salary from TheStreet.com, his share of a radio talent fee for his now-defunct radio show and exercising stock options from the online business news company he helped start.
TheStreet.com’s proxy was released on Monday.
It stated, “In consideration for providing these services, Mr. Cramerâ€™s salary was increased to $750,000 for fiscal 2006. In addition, he received $407,161, which represents the earned portion of the radio talent fee paid to the Company through December 2006 by CBS Radio Inc. under the Companyâ€™s January 2006 radio agreement.”
Later, the proxy noted, “During 2006, Mr. Cramer received, in the aggregate, $1,245,757 in connection with the exercise of options to purchase 202,500 shares of the Companyâ€™s common stock.”
The proxy did not disclose how much money he was paid last year to host CNBC’s “Mad Money” show.
As noted last year, Cramer was paid $500,000 in 2005 and will see his base salary rise to $1 million this year.
TheStreet.com CEO Thomas Clarke Jr. received total compensation of $1.3 million in 2006, including a $410,000 salary and a $136,825 bonus. He also received $319,806 from options. His salary in 2005 was $356,000, while his bonus was $124,600.