The amounts include cash, stock and benefits that the executives were to receive for the next two to three years, and the final totals could change, according to a securities filing by Comcast on Thursday.
Larry Busacca/Getty Images for Women in CableTime Warner Cable Chief Executive Rob Marcus is in line to receive $79.9 million as part of Comcast Corp.'s $45 billion buyout of the cable operator.
Four departing Time Warner Cable Inc. executives are set to receive 'golden parachute' packages totaling about $139 million as part of Comcast Corp.'s $45 billion buyout of the cable operator.
Shareholders are being asked to vote on the hefty packages in a nonbinding advisory vote. The details were contained in a securities filing by Comcast on Thursday.
Time Warner Cable Chief Executive Rob Marcus is in line to receive $79.9 million, Chief Financial Officer Arthur Minson Jr. is set to get $27.1 million, Chief Technology Officer Michael LaJoie would get $16.3 million and Chief Operating Officer Philip Meeks is to receive $11.7 million.
MIKE BLAKE/REUTERSThe amounts include cash, stock and benefits that the executives were to receive for the next two to three years, and the final totals could change.
Marcus also has the opportunity to collect options and restricted stock worth another $82.8 million if he resigns following the merger, the filing showed. Marcus took over as CEO on Jan. 1, less than two months before the deal was announced Feb. 12. He was previously president and chief operating officer.
Spokesmen for Comcast and Time Warner Cable declined to comment.
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