Saga CEO made $1.2 million plus in 2006

Ed Christian, CEO of Saga Communications,owner of KOAM and KFJX television stations in the Joplin area, made $1.247,318, in 2006, according to a proxy statement filed today with the Securities and Exchange Commission.
Christian received $549,003 in salary, a bonus of $281,976, stock awards worth $60,435, option awards worth $133,852, $112,500 in non-equity incentive plan compensation, and $109,552 in all other compensation:

With respect to Mr. Christian, perquisites include personal use of Company provided auto, country club dues, medical expense reimbursement and personal use of a private airplane in the amount of $25,717. Perquisites are valued based on the aggregate incremental costs to the Company. For the personal use of the airplane aggregate incremental cost is based solely on direct operating costs (fuel, airport fees, incremental pilot costs, etc.) and does not include capital costs of the aircraft since the Company already incurs these capital costs for business purposes. This amount does not include the loss of a tax deduction to the Company on account of personal use of corporate aircraft under tax laws. In 2006 Mr. Goldstein received perquisites for personal use of Company provided auto and medical expense reimbursements. No other named executive officer received aggregate perquisites in excess of $10,000. In addition, the Company paid split dollar life insurance premiums for Messrs. Christian and Goldstein in the amount of $50,000 and $13,922, respectively.