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
Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier. Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations. Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc.
comments powered by Disqus
Follow RTT