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Time Warner CEO’s pay climbed 35 percent in 2010
Question of the Day
An Associated Press tally shows that Time Warner Inc. CEO Jeffrey Bewkes received compensation for 2010 valued at $26.1 million. That’s up 35 percent from what he took home in 2009 as the media company’s bottom line benefited from strong demand for its television content and cost cuts in publishing.
Bewkes, 58, received a salary of $2 million in 2010 and a performance-based bonus of $14.4 million, according to data filed with regulators on Tuesday. But the biggest bump came from a surge in the value of stock and option grants that he was awarded by the New York-based company.
The value of Bewkes‘ perks, such as personal use of a company plane, car and driver, dipped by 12 percent to $124,129.
The AP’s calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
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