OLD Media Moves

TheStreet.com editor in chief total pay rises 61 percent

April 28, 2009


David Morrow, the editor in chief of TheStreet.com, received a 61 percent increase in total compensation in 2008. according to the company’s proxy statement.

Morrow’s total pay was $495,157, up from the $294,548 he was paid in 2007. The proxy did not provide any compensation data for Jim Cramer, a co-founder of the company, as it has in the past.

Morrow’s base salary rose just slightly, from $235,000 to $245,000. But he also received $75,375 in stock awards, up from $41,266 in 2007.

His stock options totaled $41,815 in 2008, more than double the $17,899 he received in the previous year.

The proxy also disclosed the following: “On February 12, 2009, the Company delivered to David Morrow, the Company’s Editor-in-Chief, a notice of non-renewal of his employment agreement with the Company.  The notice advises Mr. Morrow that the Company will provide a new document detailing the terms of Mr. Morrow’s continued employment prior to the expiration of his existing employment agreement, which occurs on August 23, 2009.”

Morrow, a former New York Times reporter, became editor in chief of TheStreet.com in July 2001.

Read the proxy here

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.