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.
Wall Street Journal editor in chief Emma Tucker sent out the following on Thursday: Today we announced…
Clare Malone of The New York writes about Hunterbrook, which is using reporting from journalists to…
The Hollywood Reporter awards editor Tyler Coates is leaving the news organization. His last day will be…
Laura Purkess has been promoted to consumer features editor at The Sun. She will maintain…
Pat Ferrier, senior business reporter at the Coloradoan in Fort Collins, is retiring after 23…
Financial news site TheStreet.com has hired Conway Gittens as an anchor and video producer. His most recent…
View Comments