{"id":1594,"date":"2011-10-12T16:18:14","date_gmt":"2011-10-12T21:18:14","guid":{"rendered":"http:\/\/www.antennasdirect.com\/blog\/?p=1594"},"modified":"2021-04-07T09:24:08","modified_gmt":"2021-04-07T14:24:08","slug":"michael-lovett-charter-communications-ceo-is-stepping-down","status":"publish","type":"post","link":"https:\/\/www.antennasdirect.com\/blog\/michael-lovett-charter-communications-ceo-is-stepping-down\/","title":{"rendered":"Michael Lovett, Charter Communications CEO, Is Stepping Down."},"content":{"rendered":"<p>I\u2019m sure that Michael would like to thank the Charter Cable subscribers. For it takes about 59,000 customers paying one month\u2019s bill for him to get the reward of making <a href=\"http:\/\/www.bizjournals.com\/stlouis\/blog\/2011\/07\/top-of-the-list-100-highest-paid.html\">$7.22 million in 2010 compensation<\/a>. Not bad for being on the job a year and a half.<\/p>\n<p>Lovett is the fifth highest-paid St. Louis executive. He has agreed to remain in his present positions during the transition.<\/p>\n<p>I would too at that kind of salary.<\/p>\n<p>Charter\u2019s board of directors, led by Chairman Eric Zinterhofer, said it would begin the process of evaluating candidates. Shouldn\u2019t be that extremely hard to find a replacement. Keep reading.<\/p>\n<p>\u201c<em>Charter has made significant progress on our longer-term strategic initiatives and has become a stronger, better positioned company with solid results and extremely talented people,\u201d<\/em> Lovett said in a statement. \u201c<em>With Charter on strong footing, I believe this is the right time for me to move on to the next chapter of my career<\/em>.\u201d<\/p>\n<p>Under Lovett as CEO, Charter reported a first-quarter loss of $110 million on revenue of $1.77 billion. Sounds like solid footing to me.<\/p>\n<p>There must be a great feeling of accomplishment for Michael knowing that under his reign this past July; Charter was named by The Atlantic as one of the <a href=\"http:\/\/www.bizjournals.com\/stlouis\/news\/2011\/07\/11\/charter-most-hated-company.html\">Most Hated Companies in America<\/a>. His hiring John Birrer, a former T-Mobile executive, in February as a senior vice president of customer experience was a brilliant move. I wonder what his compensation is?<\/p>\n<p>Well, at least I know I\u2019ll never have to contact Charter customer service. I don\u2019t get a bill for TV. I watch TV for free.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I\u2019m sure that Michael would like to thank the Charter Cable subscribers. For it takes about 59,000 customers paying one month\u2019s bill for him to get the reward of making $7.22 million in 2010 compensation. Not bad for being on the job a year and a half. Lovett is the fifth highest-paid St. Louis executive. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-1594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-update"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Michael Lovett, Charter Communications CEO, Is Stepping Down. - The TV Antenna Experts - Antennas Direct Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.antennasdirect.com\/blog\/michael-lovett-charter-communications-ceo-is-stepping-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Lovett, Charter Communications CEO, Is Stepping Down. - The TV Antenna Experts - Antennas Direct Blog\" \/>\n<meta property=\"og:description\" content=\"I\u2019m sure that Michael would like to thank the Charter Cable subscribers. For it takes about 59,000 customers paying one month\u2019s bill for him to get the reward of making $7.22 million in 2010 compensation. Not bad for being on the job a year and a half. Lovett is the fifth highest-paid St. Louis executive. 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