logo
Share SHARE
FONT-SIZE Plus   Neg

Time Warner CEO Bewkes' Compensation Slips In FY11

Entertainment giant Time Warner Inc. (TWX) on Monday said its chairman and chief executive officer Jeff Bewkes received $25.94 million in total compensation in 2011, slightly less than the $26.30 million he received in 2010.

Bewkes' base salary remained at $2 million, while his non-equity incentive plan compensation declined from the prior year.

John Martin Jr., chief financial and administrative officer, got $11.52 million, up from $10.16 million in 2010 with increases in base salary, non-equity incentive plan compensation and nonqualified deferred compensation earnings.

Martin's compensation increased due to the expanded scope of his responsibilities when he assumed the role of chief administrative officer. The company and Martin had entered into an amended and restated employment agreement, effective as of January 1, 2011.

TWX closed on Monday at $37.59, down $0.16 or 0.42 percent, on a volume of 8.13 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Maternity leave is a temporary period of absence from employment granted to expectant or new mothers during the months immediately before and after their pregnancy. Parental leave, including maternity, paternity and adoption leave, is an employee benefit. Many countries around the world, including... Texas, the second largest state in the U.S., has four of the five fastest-growing cities in the U.S., according to new population estimates released Thursday by the U.S. Census Bureau for the twelve months up to July 1, 2016. Ten of the fifteen fastest growing large U.S. cities during that 12-month span were in the South, according to the Census Bureau. To book-lover's surprise, online retailer Amazon opened another bricks and mortar store in an upmarket shopping mall in New York. This is the seventh book store of Amazon.
comments powered by Disqus
Follow RTT