Time Warner CEO quits after year on the job. Gets $100 million exit package

[ShootSpeeders]

And like most CEOs, he doesn't do anything except attend meetings. Hang him

Outrageous Shareholders Pay CEO 100 Million Exit Package

june 15 2015
Late last month Charter Communications and Time Warner Cable agreed to a merger in a $55 billion deal — closer to $79 billion if you include debt. If the merger goes through, Time Warner’s CEO Robert Marcus will leave the combined company with an exit package worth just over $100 million.

Marcus has been in his current position for a little more than a year. As the CEO of Time Warner, he earns an annual salary of $1.5 million, not including bonuses or additional compensation (as President and COO in 2013, he earned $8.5 million in total compensation, to give you an idea). Yet for the privilege of being laid off after the merger, he’ll rake in a cool $100 million.

 

[ScienceRocks]

Most of these super rich pay very little in taxes and take their companies all the way to the bank. They're crooks and this is why we need minimum wage for the workers and increase taxes on these pigs.

 

[Socialist]

"BUT CEO'S ARE HARD WORKING AND EARN EVERYTHING" - Right wingers.

 

[thereisnospoon]

And like most CEOs, he doesn't do anything except attend meetings. Hang him

Outrageous Shareholders Pay CEO 100 Million Exit Package

june 15 2015
Late last month Charter Communications and Time Warner Cable agreed to a merger in a $55 billion deal — closer to $79 billion if you include debt. If the merger goes through, Time Warner’s CEO Robert Marcus will leave the combined company with an exit package worth just over $100 million.

Marcus has been in his current position for a little more than a year. As the CEO of Time Warner, he earns an annual salary of $1.5 million, not including bonuses or additional compensation (as President and COO in 2013, he earned $8.5 million in total compensation, to give you an idea). Yet for the privilege of being laid off after the merger, he’ll rake in a cool $100 million.

And? Your point is?
Hey fucko.....It's called a "contract".....

 

[thereisnospoon]

Most of these super rich pay very little in taxes and take their companies all the way to the bank. They're crooks and this is why we need minimum wage for the workers and increase taxes on these pigs.

 

[thereisnospoon]

"BUT CEO'S ARE HARD WORKING AND EARN EVERYTHING" - Right wingers.

George Soros?

 

[Socialist]

Most of these super rich pay very little in taxes and take their companies all the way to the bank. They're crooks and this is why we need minimum wage for the workers and increase taxes on these pigs.

He's not a troll, he speaks the truth.

 

[Socialist]

"BUT CEO'S ARE HARD WORKING AND EARN EVERYTHING" - Right wingers.

George Soros?

I don't fucking care about George Soros, both political parties are idiotic, however, one is better then the other.

 

[Katzndogz]

And like most CEOs, he doesn't do anything except attend meetings. Hang him

Outrageous Shareholders Pay CEO 100 Million Exit Package

june 15 2015
Late last month Charter Communications and Time Warner Cable agreed to a merger in a $55 billion deal — closer to $79 billion if you include debt. If the merger goes through, Time Warner’s CEO Robert Marcus will leave the combined company with an exit package worth just over $100 million.

Marcus has been in his current position for a little more than a year. As the CEO of Time Warner, he earns an annual salary of $1.5 million, not including bonuses or additional compensation (as President and COO in 2013, he earned $8.5 million in total compensation, to give you an idea). Yet for the privilege of being laid off after the merger, he’ll rake in a cool $100 million.

And? Your point is?
Hey fucko.....It's called a "contract".....

It's called a contract and Time Warner broke it. The guy put together a 79 BILLION dollar buy out package that ended with him losing his job. My questio is, why such a pittance? They paid him to negotiate away his job. He did a very good job.

 

[ScienceRocks]

The guy should have a 40% tax on this money!

 

[Zander]

Don't buy Time Warner's product, problem solved.

 

[kiwiman127]

In Europe this crap doesn't happen. The gap between the CEO's pay and worker's pay isn't as great and Europe's middle class is seeing greater growth in their income than the middle class is the US. The US middle class used to be the wealthiest middle class in the world, now the US middle class is ranked 21st.
Yet the idiots see nothing wrong with this picture. I highly doubt these supporters of the US CEO con game are anything but middle class themselves. And they are so stupid, they cheer their own demise. Now that is stupid.

 

[Papageorgio]

"BUT CEO'S ARE HARD WORKING AND EARN EVERYTHING" - Right wingers.

George Soros?

I don't fucking care about George Soros, both political parties are idiotic, however, one is better then the other.

So should you then.

 

[Papageorgio]

In Europe this crap doesn't happen. The gap between the CEO's pay and worker's pay isn't as great and Europe's middle class is seeing greater growth in their income than the middle class is the US. The US middle class used to be the wealthiest middle class in the world, now the US middle class is ranked 21st.
Yet the idiots see nothing wrong with this picture. I highly doubt these supporters of the US CEO con game are anything but middle class themselves. And they are so stupid, they cheer their own demise. Now that is stupid.

Tell that to the corporations the offer the contracts.

 

[depotoo]

Uhm, the stock price has risen over $20 per share in a years time...

And like most CEOs, he doesn't do anything except attend meetings. Hang him

Outrageous Shareholders Pay CEO 100 Million Exit Package

june 15 2015
Late last month Charter Communications and Time Warner Cable agreed to a merger in a $55 billion deal — closer to $79 billion if you include debt. If the merger goes through, Time Warner’s CEO Robert Marcus will leave the combined company with an exit package worth just over $100 million.

Marcus has been in his current position for a little more than a year. As the CEO of Time Warner, he earns an annual salary of $1.5 million, not including bonuses or additional compensation (as President and COO in 2013, he earned $8.5 million in total compensation, to give you an idea). Yet for the privilege of being laid off after the merger, he’ll rake in a cool $100 million.

 

[Katzndogz]

He likely didn't get more than a token in cash which will be taxed. The rest is in stock that won't be taxed until he takes a profit.

 

[initforme]

All that for sitting on his rear end for a couple of hours per day. Cushy cushy cushy

 

[Katzndogz]

In Europe this crap doesn't happen. The gap between the CEO's pay and worker's pay isn't as great and Europe's middle class is seeing greater growth in their income than the middle class is the US. The US middle class used to be the wealthiest middle class in the world, now the US middle class is ranked 21st.
Yet the idiots see nothing wrong with this picture. I highly doubt these supporters of the US CEO con game are anything but middle class themselves. And they are so stupid, they cheer their own demise. Now that is stupid.

Go to Europe. This country still has a few freedoms left.

 

[ShootSpeeders]

Uhm, the stock price has risen over $20 per share in a years time...[]

Hey einstein. $100 million is a lot of money. THINK

 

[jasonnfree]

A small suggestion of taxing the rich and out come the lickspittles like clockwork.