Cablevision’s Dole to the Dolans Faces a Legal Challenge

CEO James Dolan in New York Photograph by Mark Lennihan/AP Photo

When companies determine how much to pay their executives, they generally look at what executives from similar companies make. A lawsuit filed last week by a Cablevision Systems stockholder claims that the company is really bad at doing this and ends up handing out pay packages to its father-and-son executive team that can be described only as gifts. The money paid to the Dolans certainly does seem generous, but it’s no surprise the cable provider has problems comparison shopping. After all, you’d be hard-pressed to find a company similar to Cablevision.

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