There's Not Much TWC Shareholders Can Do About That $80 Million Golden ParachuteBy
Last spring when Bloomberg News examined executive compensation, only two people were paid more than $80 million for a year’s worth of running a company: David Simon of Simon Property Group made $137 million, and Oracle paid Larry Ellison $96 million. But not running a company can be a pretty lucrative undertaking as well, as Time Warner Cable reminded us on Thursday when it disclosed in a government filing that it would pay Rob Marcus, who has served as the company’s chief executive since January, just under $80 million if its deal with Comcast is completed.
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