Time Warner Cable CEO Due $80 Million as Deal Ends Short Tenure
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Just months into his job as head of Time Warner Cable Inc., Rob Marcus is set to receive a severance payment of $79.9 million in cash, equity and benefits because he’s selling the company to Comcast Corp.
The golden-parachute payout includes $56.5 million in restricted stock units and unvested options and $20.5 million in cash, according to a filing today. There is also a $2.5 million bonus assuming that Time Warner Cable’s performance remains on target through the merger’s completion.