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
LoopUp Group, a UK-based startup that provides software technology for conference calls and remote meetings, on Wednesday became the first technology company to float shares on the London Stock Exchange since Britain's decision to leave the European Union. LoopUP raised £8.5 million by selling shares... Qatar's sovereign wealth fund has acquired a 9.9 percent stake in the company that owns the iconic Empire State Building, which was once the world's tallest building. Empire State Realty Trust, which owns the 102 storied, 1,454-foot skyscraper, said Tuesday that an affiliate of Qatar Investment Authority or QIA has acquired a 9.9 percent interest in the company through a $622 million investment. Shares of Glencore International Plc. declined around 6 percent in London trading after the Commodities trader reported Wednesday wider pre-tax loss in its first half with weak revenues, amid lower commodity prices. Attributable net loss, however, narrowed from last year.
comments powered by Disqus
Follow RTT