If you just received your DirecTV bill this month, don't be surprised when you see a higher amount printed on your statement. For the second time in a year, they have raised their monthly fees for a total increase of about 15%.
Of course, it was once again without warning.
When I called earlier today about the surprise increase, the customer service rep said letters were mailed out two months ago, but I didn't see one. It seems it was a common problem because lots of people have called, she said.
My question: How hard would it be to print out a rate increase notice on the billing statements for one or two months ahead of time? I guess difficult. Perhaps, too obvious.
Isn't it too bad that the working class can't send bills out themselves for 15% higher pay without notice just like these corporate giants? No doubt, it was to support DirecTV CEO Carey Chase's outlandish salary and compensation package as shown below:
ANNUAL COMPENSATION*
Salary
$2,149,590
Total Annual Compensation
$2,149,590
STOCK OPTIONS*
Restricted Stock Awards
$5,674,500
All Other Compensation
$325,256
Exercisable Options
$1,883,764
Exercisable Values
$11,564,355
Total Value of Options
$11,564,355
Total Number of Options
1,883,764
TOTAL COMPENSATION*
Total Annual Cash
$6,149,590
Total Short Term Compensation
$2,149,590
Other Long Term Compensation
$5,999,756
Total Calculated Compensation
$12,470,904
Here's another question: Would you watch TV at home if you made as much money as he does? Total compensation of over $12 million dollars would rent a few DVDs -- certainly pay for a whole lot of month's membership to NetFlix -- plus give most people the ability to retire after only one year.
According to Yahoo! Finance, DirecTV (ticker: DTV) only made $1,451,000,000 last year. No, that's no typo, but just nearly a mere 1 ½ BILLION dollars.
It must be tough.
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