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Merger Live or Die, Time Warner CEO Robert Marcus Cashes In: Nets $2.3 Million in Stock Sale

Phillip Dampier November 24, 2014 Consumer News 1 Comment
Marcus

Marcus

Time Warner Cable CEO Robert D. Marcus is a winner if he stays CEO of an independent Time Warner Cable or an even bigger winner if his efforts to sell the company to Comcast are eventually successful with regulators.

Marcus will enjoy a Thanksgiving holiday with his money — including an extra $2,272,320 he just won from a sale of 16,000 awarded shares of Time Warner Cable stock, sold at an average price of $142.02 a share on the open market.

He still has plenty of Time Warner Cable stock left — 61,281 shares worth nearly $9 million. If Time Warner Cable is ultimately sold to Comcast as he hopes, Marcus will walk away from the company after less than one year as its CEO with a golden parachute package worth at least $80 million.

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9 years ago

Its a good thing that the merger will never be accepted as its heavily against the public interest and no politician would want to commit political suicide. Nobody needs $80 million. Its also time that we boot Tom Wheeler out of his seat as he clearly doesn’t put the public interest before his huge stacks of corporate bribes. Hell I’d gladly take the job and put these ISPs in their place. WE NEED BROADBAND UNDER TITLE II AND STRONG NET NEUTRALITY RULES IN PLACE. WE ALSO NEED TO SPLIT THESE COMPANIES APART AS MUCH AS WE CAN AND FINE THEIR… Read more »

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Stop the Cap!