Time Warner Executives Set To Reap Big Financial Rewards

Time Warner Cable chairman and CEO Rob Marcus is set to reap $91.95 million in cash, stock and other benefits as a result of his company’s merger with Charter Communications, according to documents filed with the Securities and Exchange Commission. That payday -- $21.8 million in cash, $67.1 million in equity, $365,000 in perquisites and $2.6 million in “other” is a 15 percent premium to the $80 million Marcus would have received had TWC’s earlier merger plans with Comcast panned out. C

omcast terminated its merger with TWC on April 24, after it became apparent the deal would not pass regulatory muster. Other TWC executives also stand to cash in big as a result of the merger. According to the proxy statement filed June 26, chief operating officer Dinni Jain will receive $34.9 million; general counsel Marc Lawrence-Apfelbaum will receive $19.7 million; executive vice president Peter Stern will get $16.8 million in awards; and former chief financial officer Artie Minson, who resigned earlier in June to become CEO of online office space provider WeWork, will get $5 million.