Bewkes’ package is insanely rich by any normal measure — but puts him at the bottom of the pack among CEOs of Big Media companies that have already released proxy statements for 2011. (This year’s breakdown for Bewkes: $2M salary, $6.1M stock awards, nearly $4M option awards, $13.5M non equity incentives, 253,280 change in pension value, and $97,966 for other compensation.) Although Time Warner shares appreciated 11.9% last year, the board dinged his bonus because the company “did not surpass the financial targets by as great an amount as it did in 2010.” Still, Bewkes’ pay was lopsided when compared to the four other highest paid Time Warner execs. His package amounted to almost as much as the other four combined, and was 3.9 times higher than their average compensation. Corporate governance watchdogs consider it troublesome when a CEO makes more than three times the average for the company’s other top officers.
Time Warner's Jeff Bewkes Makes $25.9M In 2011, Down 1.4%
What's Hot on Deadline
Oprah Winfrey Answers Call & Joins Clooneys, Katzenbergs, Spielberg And Capshaw In Donating $500,000 To March For Our Lives: Who's Next?
Latest Film News
- Gravitas Ventures Grabs ‘Bieber Generation’ Docu; Freestyle Digital Media Acquires ‘Live Or Die In La Honda…
- The 16-Year Journey To Release For Duncan Jones And ‘Mute’ – Q&A
- ‘Goosebumps 2’: Madison Iseman, Ben O'Brien, Caleel Harris & Jeremy Ray Taylor Set As Leads
- Skydance Media Taps ‘Tangled’s Nathan Greno In Multiyear Deal, Will Direct ‘Powerless’
- Global Road Entertainment Acquires Action Thriller ‘Hotel Artemis,’ Ensemble Led By Jodie Foster
- ‘Dunkirk’ Cinematographer Hoyte Van Hoytema On Christopher Nolan’s Visceral Approach To Cinema