Barry Mayo, recently departed his post at Radio One Inc as the President of the Radio Division. His salary in 2010 was a whopping $754,761.000 according to Forbes. Well it appears that was probably interfering with the profit margin that some of the “negative hip hop” stations were making according to the video where two young articulate girls questioned Radio One‘s integrity for playing songs that “demeaned them.” Alfred responded that some of those stations “Make a LOT of money” as if the girls should have sat down at the point and acquiesced. Well Alfred’s salary is as follows: Liggins received a $980,000 base salary, $447,735 bonus, $1.62 million in stock awards, and $100,076 in option awards. Totaling a paltry 3.2 million.
Chairman/Founder Cathy Hughes, the Chairman and Founder of Radio One is also struggling to make ends meet, her total compensation took a hit going from $1.8 million to $1,516,830. How do they survive off such meager earnings? In all honesty, running a radio corporation has to be a monumental task. They deserve it. We can’t help but to wonder what’s happening with Mayo’s former salary. Perhaps it will be divided up amongst the hard working programmers?
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