The chief of the No. 2 cable company lost about $1M in non-equity incentives, but otherwise held steady vs 2010, according to Time Warner Cable’s proxy statement. The package: $1.3M salary, $3.2M stock awards, $4.2M option awards, $7.2M non-equity incentives, $111,910 change in pension value, and $439,456 in other compensation. The “other” category includes $339,779 for personal use of of the company aircraft. Time Warner Cable shares lost 2.8% of their value in 2011. Britt made nearly twice as much as COO Robert Marcus. But his $8.4M compensation was up 38.7% to reflect his additional title last year as company president and “the importance of retaining him in light of the Board of Directors’ long-term succession planning strategy.” Britt’s compensation was 3.8 times higher than the average for Time Warner Cable’s other top executives. Corporate governance watchdogs usually consider that to be lopsided, and a red flag for investors.
Time Warner Cable's Glenn Britt Made $16.4M In 2011, Down 5.7%
What's Hot on Deadline
'Coco' Now Higher With $74M+ Thanks To A+ CinemaScore; 'Justice League' At $61M+; 'Wonder' Wows At $32M+: Friday AM Update
'Thursday Night Football' Ratings Down From Thanksgiving 2016, Macy's Parade Steady, 'Young Sheldon' Up
Uma Thurman To Harvey Weinstein: "I'm Glad It's Going Slowly, You Don't Deserve A Bullet... Stay Tuned"
Denzel Washington & Dan Gilroy On Why 'Roman J. Israel, Esq' Never Left The '60s Behind - The Contenders Video
'Man Who Invented Christmas' Review: Dan Stevens & Christopher Plummer Turn Scrooge Origin Tale Into A Holiday Treat
Latest TV News
- Peter Baldwin Dies: ‘Mary Tyler Moore’, ‘Wonder Years’ Director Was 86
- Apple Investment In Original Video Will Reach $4.2 Billion By 2022: Report
- ‘Thursday Night Football’ Ratings Down From Thanksgiving 2016, Macy’s Parade Steady, ‘Young…
- Al Franken: “Committed To Regaining Trust”; More Comment Expected Sunday
- Matt Berry Reveals British Comedy ‘Toast Of London’ Is To Return
- CBS and Dish Reach Carriage Agreement