Big Compensation Packages For Time Warner Bosses
Departing Time Warner Cable executives are in line to receive "golden parachute" compensation totaling 135 million dollars as part of Comcast's 45 billion dollar acquisition of the Columbus-based cable operator.
Shareholders are being asked to approve the packages in a non-binding advisory vote. Securities and Exchange Commission filings show Rob Marcus is in line to receive nearly 80 million dollars, Chief Financial Officer Arthur Minson junior 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 and the final totals could change.