Maffei is the immediate boss of Formula 1’s CEO Chase Carey, and also oversees the company’s other major investments, including the Atlanta Braves baseball team and the Sirius XM radio network.Maffei’s financial arrangements emerged in a statement filed this week with the US Securities and Exchange Commission, ahead of the annual shareholders’ meeting in May.
In 2019 he received a total compensation package of $44,045,070, representing a significant increase over the previous two years. He was paid $19.8m in 2017, and $20.1m in 2018.
The figure includes various bonuses and stock options. His basic salary, which rose 5% per annum over a five-year contract in place since December 2014, formed just over $1.