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Time Warner Cable CEO Rob Marcus gets $92 million severance after 2.5 years on the job – Is he worth it?

Time Warner Cable Went From ‘Loser’ to $60 Billion

Rob Marcus_w. TWC TIME WARNER CABLE

 

The sale of Time Warner Cable to Charter Communications was completed Wedensday. At the end of May TWC’s outgoing CEO Rob Marcus will be receiving $92 million in severance after working at the company for a total of two and a half years. Quite sweet deal.

Was he worth it? When Time Warner Cable Chief Executive Rob Marcus took the company in his hands in late 2013, “The outside world was calling us losers, ” Marcus told WSJ.
Under his managment Time Warner Cable Went From ‘Loser’ to $60 Billion. A spokesman says “largely consists of equity awards earned over the last several years, reflecting the increase in stock price benefiting all shareholders.”

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Read the full story at Wall Street Journal, by Shalini Ramachandren 

 

READ MORE: Rob Marcus

Robert Rob Marcus  ,   Time Warner Cable

– Time Warner Cable CEO Rob Marcus on Thursday sent a memo to employees, saying the FCC could delay approval for a Comcast-Time Warner Cable merger, Capital New York reported. Marcus cited the other big telecom More…

Time Warner Cable CEO Rob Marcus & Other Execs to Collect $125 Million in Severance When Merger With Comcast Closes
– – In mid February Comcast Corporation, which is led by Brian Roberts, and Time Warner Cable Inc. agreed to merge to create one enormous cable and media giant, in a deal valued then at around US$45 billion. The More…

Robert Rob Marcus  ,   Time Warner Cable

Time Warner Cable chairman and CEO Rob Marcus received $34.6 million in total compensation in 2014, more than four times his take in 2013 and fueled mainly by big gains in stock awards. Marcus, who spent most of More…

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