OLD Media Moves

TheStreet.com CEO received $1.3 million in 2012; Cramer received $1.47 million

April 30, 2013

Posted by Chris Roush

Elizabeth DeMarse, who became president and chief executive officer of TheStreet in 2012, received more than $1.3 million on total compensation during her first year on the job.

More than $830,000 of that compensation was in the form of stock options, according to the proxy statement filed Tuesday by the online financial news company.

DeMarse receives a base salary of $400,000. She also received a $200,000 bonus for joining the company. She also has the option to purchase up to 1.75 million shares of company stock at a price of $1.80 per share.

John Ferrara, the company’s new chief financial officer hired in February, is being paid a base salary of $220,000. He received a $10,000 signing bonus.

TheStreet co-founder Jim Cramer no longer receives a salary or bonus from the company. But he does receive a royalty based on the revenue derived from the company’s Action Alerts PLUS subscription service. In 2012, Cramer received $1.47 million in royalties pursuant to the agreement and was also awarded a discretionary bonus for 2012 of $11,992.

The proxy makes no mention of the compensation of editor in chief William Inman, who joined last year.

Read the SEC filing here.

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