DIRECTV Announces New Employment Agreement With Chase Carey

[Earl Bonovich]

DIRECTV Announces New Employment Agreement With Chase Carey


NEW YORK--(BUSINESS WIRE)--Aug. 9, 2007--The DIRECTV Group, Inc. (NYSE: DTV) announced today that Chase Carey, the company's president and CEO, has agreed to a new three-year employment contract. The agreement is effective today and continues through Dec. 31, 2010.

"The past three years have been an amazing time of change and growth for both me and the company," said Carey. "I consider myself fortunate to work with such a strong group of employees, who are among the sharpest and most tenacious in the business, as well as our board of directors, who have provided great support and guidance. I'm proud of our accomplishments and also realize there's still much hard work to be done. I look forward to the excitement, challenge and fulfillment that will come over the next few years."

.....


See the rest of the press release at: DirecTV Investor Relations (http://phx.corporate-ir.net/phoenix.zhtml?c=127160&p=irol-newsArticle&ID=1038789&highlight=)

[Stuart Sweet]

Congratulations to Mr. Carey. I for one have enjoyed DIRECTV under his tenure and know that I will continue for the next three years at least.

Cheers!

[Steve Robertson]

Congratulations to Mr. Carey. I for one have enjoyed DIRECTV under his tenure and know that I will continue for the next three years at least.

Cheers!

I agree other than than the PQ issue which I hope will be corrected in the next 30 or so days.

[Ken S]

I wonder if this was done with Liberty's blessing or just done to ensure he gets a huge severance payout if they boot him.

[Earl Bonovich]

I wonder if this was done with Liberty's blessing or just done to ensure he gets a huge severance payout if they boot him.

Per the linked article: Malone commented on the hiring.


"We are pleased that DIRECTV will continue to benefit from Chase's strong leadership," said John Malone, chairman, Liberty Media Corporation. "Since joining DIRECTV in 2003, Chase has overseen the growth of the company in an increasingly challenging environment and enabled it to build on its leadership position in the business. I look forward to working with Chase as we take DIRECTV to new heights for both its customers and shareholders."

[houskamp]

What no mention of us? :lol:

[Dolly]

I think he has done a good job :goodjob: Which I hope will continue :)

[Herdfan]

I think he has done a good job :goodjob: Which I hope will continue :)
I do also, however, I wonder what he could have done without RM in the background pulling the strings? Maybe Malone will let him do his job.

[lwilli201]

As long as the stock holders are happy, Malone will be very happy to let Carey do his job.

[jal]

Hey Carey: Bring back TIVO! Thanks.

[Ken S]

Per the linked article: Malone commented on the hiring.

Earl,

After reading that we can almost bet he'll be gone before 2008 :).

[Earl Bonovich]

Earl,

After reading that we can almost bet he'll be gone before 2008 :).

So in 4 months?
After signing him to a new 3 year contract? yah.... right... ;)

[ShadowFree]

When does liberty (malone) take over?

[Koz]

This quarter. (so by the end of September)

News Corp. agreed to sell its stake in the company to Liberty in exchange for Liberty's minority stake in News Corp. The deal is expected to close in the current quarter.

From the end of this article. http://biz.yahoo.com/ap/070809/earns_directv.html?.v=12

[sgnhaf]

So in 4 months?
After signing him to a new 3 year contract? yah.... right... ;)

yep, in business giving someone that glowing of a review, has led to in the super majority of the time, to the person being canned within 1 year.

no matter if it is a public firing (corps, steinbrenners managers and more) or everyday people