{"id":1301,"date":"2011-04-08T13:40:50","date_gmt":"2011-04-08T18:40:50","guid":{"rendered":"http:\/\/www.antennasdirect.com\/blog\/?p=1301"},"modified":"2021-04-09T09:45:31","modified_gmt":"2021-04-09T14:45:31","slug":"time-warner-cable-ceos-pay-up-10-percent-in-2010-compensation-worth-about-17-3-million-to-be-exact","status":"publish","type":"post","link":"https:\/\/www.antennasdirect.com\/blog\/time-warner-cable-ceos-pay-up-10-percent-in-2010-compensation-worth-about-17-3-million-to-be-exact\/","title":{"rendered":"Time Warner Cable CEO&#8217;s pay up 10 percent in 2010. Compensation Worth About $17.3 million To Be Exact."},"content":{"rendered":"<p>No wonder Time Warner Cable have to raise their rates.<\/p>\n<p>Time Warner CEO Glenn Britt, 61, took home a salary of $1.25 million, up 25 percent from  $1 million in 2009, and a performance-based bonus that rose 33 percent  to $8.3 million. No wonder they have to raise cable rates.<\/p>\n<p>He received stock valued at $3.1 million on the day it was granted \u2014  an increase of 31 percent over what he got in 2009 \u2014 as well as options  valued at $4.4 million, which marks a decrease of 26 percent year over  year. Britt&#8217;s 2009 option award included a $2 million stock option for  renewing his employment contract through 2012.<\/p>\n<p>Britt also received other compensation valued at  $296,880, up 12 percent from 2009. That included $192,734 for personal  use of a company plane and $40,250 in reimbursements for financial  services.<\/p>\n<p>During its first full year apart from Time Warner Inc., from which it  split in March 2009, Time Warner Cable shed 454,000 residential cable TV  subscribers.<\/p>\n<p>While the New York-based cable company&#8217;s subscriber numbers could  show that the popularity of watching TV on websites like Hulu and  Netflix is starting to cut into cable TV&#8217;s hold on consumers, when  pressed in January to comment on so-called cord-cutting Britt questioned  the sustainability of the Netflix model. He said Netflix and its peers  are essentially acting as extra middle men between the companies that  create entertainment and those that deliver it.<\/p>\n<p>Netflix investors feel differently: The company&#8217;s  stock tripled in 2010, and the company currently has a market value of  $12.7 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No wonder Time Warner Cable have to raise their rates. Time Warner CEO Glenn Britt, 61, took home a salary of $1.25 million, up 25 percent from $1 million in 2009, and a performance-based bonus that rose 33 percent to $8.3 million. No wonder they have to raise cable rates. He received stock valued at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[110],"tags":[],"class_list":["post-1301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cable-be-evil"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Time Warner Cable CEO&#039;s pay up 10 percent in 2010. 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