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Another happy year for most TWC executives.
Time Warner Cable handed CEO Glenn Britt an effective $1 million raise in 2o12, compensating Britt with $17.4 million, up from $16.4 million paid a year earlier. The disclosure came in a statement filed with the Securities and Exchange Commission.
Britt, who is reportedly considering leaving Time Warner at the end of the year, also had his employment contract extended to Dec. 31, 2013.
Some other Time Warner Cable executives also walked home with substantial pay increases this year:
- Chief operating officer Robert Marcus made $10.1 million, up from $8.4 million last year;
- Chief technology officer Michael LaJoie took home $2.7 million, up from $2.6 million;
- General counsel Marc Lawrence-Apfelbaum cashed in $3.3 million in earnings, up from $2.8 million.
Only chief financial officer Irene Esteves saw a pay decrease. She earned $5.5 million this year, down $400,000 from a year earlier.
