Time Warner Cable execs set to get $135M ‘golden parachute’

LOS ANGELES (AP) — Departing Time Warner Cable Inc.
executives are in line to receive "golden parachute" compensation
totaling around $135 million as part of Comcast Corp.’s $45 billion
acquisition of the cable operator.
Shareholders are being asked to
vote on the packages in a non-binding advisory vote. The details were
contained in a securities filing Comcast made Thursday.
Time
Warner Cable Chief Executive Rob Marcus is in line to receive $79.9
million, Chief Financial Officer Arthur Minson Jr. is set to get $27.1
million, Chief Technology Officer Michael LaJoie would get $16.3 million
and Chief Operating Officer Philip Meeks is to receive $11.7 million.
The
amounts include cash, stock and benefits that the executives were to
receive for the next two to three years and the final totals could
change.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
LOS ANGELES (AP) — Departing Time Warner Cable Inc.
executives are in line to receive "golden parachute" compensation
totaling around $135 million as part of Comcast Corp.’s $45 billion
acquisition of the cable operator.
Shareholders are being asked to
vote on the packages in a non-binding advisory vote. The details were
contained in a securities filing Comcast made Thursday.
Time
Warner Cable Chief Executive Rob Marcus is in line to receive $79.9
million, Chief Financial Officer Arthur Minson Jr. is set to get $27.1
million, Chief Technology Officer Michael LaJoie would get $16.3 million
and Chief Operating Officer Philip Meeks is to receive $11.7 million.
The
amounts include cash, stock and benefits that the executives were to
receive for the next two to three years and the final totals could
change.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.