Time Warner Cable top four executives eye an estimated $136.5M in "golden parachute compensation," according to the proxy for the Oct. 9 special meeting to approve its takeover by Comcast.
 Marcus |
CEO Robert Marcus tops the list with $81.9 in total comp, of which $22.4M is cash.
CFO Arthur Minson, chief technology/network operations officer Michael LaJoie and COO/business services Philip Meeks weigh in at $26.2M, $16.6M and $11.9M, respectively.
The golden parachute comp is based on continuation of basic salary/bonus on the assumed date of termination for a 36-month period.
Marcus has a base salary of $1.5M and bonus target of $5M. Minson follows at $900K/$1.4M, LaJoie's at $650K/$650K and Meeks at $600K/$600K.
At the meeting, shareholders will get an opportunity to cast an "advisory" vote on the golden parachutes.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires that non-binding tally.
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