Time Warner’s Jeff Bewkes Made $32.5M In 2013, +25.5%

Jeff Bewkes headshotThe Time Warner CEO benefited from a new contract that took effect last year and the board’s conclusion that he “has been highly effective and successful” in a year when the share price appreciated 46%. Jeff Bewkes‘ 2013 package included: $2M salary, $8.2M stock awards, $7.8M option awards, $14.4M non equity incentives, and $126,889 in other compensation. The “other” category includes $55,191 for Bewkes’ personal use of the company plane as well as payments for car and driver and reimbursement for financial advisory services. The Time Warner board treats Bewkes like a rock star in comparison with other execs: His compensation accounts for 53% of the total paid to the top five officers, up from 48% last year. He made 5.5 times the median for his four top lieutenants, up from 4.5 times last year. Corporate governance watchdogs often become concerned that a CEO’s pay is out-of-whack when he or she makes more than three times the median for the others. Time Warner will hold its annual meeting in Burbank on June 13. (more…)

This article was printed from https://deadline.com/2014/04/time-warners-jeff-bewkes-made-32-5m-in-2013-25-5-717618/