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
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