LIBERTY Global Plc’s Chief Executive Officer Mike Fries is in line for as much as $123 million in compensation, filings ahead of its June 30 annual meeting show.
The company was keen to call that gross figure misleading. Fries is able to bank about $50 million for the year finished 2019. About half of that is equity awards.
The larger nine-figure number in the proxy filing includes unearned performance-related income rolled in from the next five years, the company said. He’s not a seller of Liberty Global stock, they added.