The company says the compensation reflects its focus on performance targets, including the stock price which was up 49.7% in 2012. As chairman and CEO, Glenn Britt’s package included $1.2M salary, $3.7M in stock awards, $5.2M in option awards, $6.6M in non equity compensation, $141,250 change in pension value, and $512,813 in other compensation. The “other” pay mostly was for Britt’s personal use of Time Warner Cable’s aircraft, according to the proxy filed at the SEC this afternoon. It also includes personal use of a company car “and specially trained driver provided for security reasons.” Britt’s compensation is about four times the median for the company’s four other top execs; corporate governance watchdogs fear that CEOs wield too much power when they make more than three times the median. This could become an issue at the company’s shareholder meeting, to be held May 16 in Saratoga Springs, NY. Investors will register their views about compensation in the federally mandated advisory say-on-pay resolution. In addition, shareholders have submitted a resolution requiring the company to disclose its lobbying activities. Time Warner Cable opposes the initiative saying it already provides “appropriate transparency in this area.”
Time Warner Cable’s Glenn Britt Made $17.4M In 2012, +5.6%
What's Hot on Deadline
'The Good Place's Jameela Jamil Blames Porn And Music Videos For Consent Issues Following Aziz Ansari Allegations
Two More Sexual Misconduct Allegations Against Stunt Coordinator Joel Kramer Include One Involving 10th Grade Girl
Eliza Dushku's Former Agent & A Friend Confirm Her Sexual Assault Story On 'True Lies' Set: "Nobody Really Did Anything"
Aziz Ansari Allegations Open New Chapter in #MeToo Movement, Ansari Responds "I Took Her Words to Heart"
Arnold Schwarzenegger "Shocked" About Eliza Dushku's 'True Lies' Allegations, Calls Her "So Courageous"
'True Lies' Stuntman Joel Kramer Dropped By Talent Agency After Eliza Dushku Accused Him Of Sexual Assault
Leah Remini Hints Scientology Behind Paul Haggis Claims; Church Slams "Reprehensible Smokescreen" - Update
Eliza Dushku's 'True Lies' Legal Guardian Backs Actress' Sexual Assault Claims, Calls Joel Kramer "Pedophile" - Update
Latest Business News
- Ben Silverman & Howard T Owens’ Propagate Gets Backing From Raine Group
- Timothee Chalamet Donates Salary From Woody Allen Film To Time’s Up, RAINN
- New York Film & TV Workers Protest During MLK Day With Rev. Al Sharpton & Top Empire State Pols
- Arnold Schwarzenegger “Shocked” About Eliza Dushku’s ‘True Lies’ Allegations, Calls Her “So Courageous”…
- Undaunted By Syndication Slump, NATPE Boosts International, Reality, Local TV
- Two More Sexual Misconduct Allegations Against Stunt Coordinator Joel Kramer Include One Involving 10th Grade Girl