After serving just two years as the chief financial officer of Time Warner Cable, Arthur Minson today left the cable company to become president and chief operating officer of WeWork, a shared office space provider.
Time Warner Cable isn’t announcing a permanent replacement. Instead, William F. Osbourn, Jr., who now serves as senior vice president-controller and chief accounting officer, and Matthew Siegel, who currently serves as senior vice president and treasurer, will serve as acting co-CFOs.
Last year Minson made $13 million, after receiving an effective 137% raise over 2013. He reportedly has $1,826,915 in awarded Time Warner Cable stock and option awards worth $1,767,619. If Comcast had successfully purchased Time Warner Cable, Minson would have walked away with a $27 million golden parachute. Charter has not yet disclosed what it intends to pay Time Warner Cable executives in exit bonuses.