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Citadel backs off of "shocking" pay plan

When Mickey Luckoff resigned at KGO-AM/KSFO GM and President, he slammed Farid Suleman, the CEO and chairman of station owner Citadel Broadcasting. Luckoff told Ben Fong-Torres:


Luckoff isn’t alone in thinking executive compensation at Citadel was out of line. The New York Times blog DealBook reports:


In Tuesday’s filing, Citadel’s lawyers said the company’s board would issue stock options instead of common shares.

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