Friday, April 15, 2011
Demand Media Hands Out Big Bonuses
Santa Monica-based Demand Media, the online content publishing empire of Richard Rosenblatt, has handed out some big bonuses to executives, three months after the firm's successful IPO. According to a regulatory filing from the firm, uncovered by paidContent, the company said it elected to fund its bonus pool in "excess of 100% of the target level". The bonuses include $361,760 for Rosenblatt, $286,863 to President and CFO Charles S. Hilliard, and others. The bonuses are on top of substantial stock-based compensation for the executives that the firm approved back in September, before its IPO, if those executives were able to meet a March deadline for its market debut.