Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Time Warner CEO Bewkes' Compensation Slips In FY11

RELATED NEWS
Trade TWX now with 

Entertainment giant Time Warner Inc. (TWX: Quote) 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.

Click here to receive FREE breaking news email alerts for Time Warner Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A ban on athletes using stamina-boosting gases - xenon and argon - came into effect on Monday. The World Anti-Doping Agency (WADA) said Hypoxia-Inducible Factor (HIF) activators Xenon and Argon have been added to the 2014 List of Prohibited Substances and Methods List following the required three-month notice period and UNESCO's communication to all States Parties. A recommendation to revise the British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4. Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.