American CEO - Hard at Work
14/05/14 16:39
Citing a New York Time's article on March 20, 2014, Jim Hightower reports this astounding story:
Mr Robert Marcus started as CEO of Time Warner Cable on the 1st of January 2014.
Only six weeks later Mr. Marcus had succeeded in initiating, in negotiating, and in closing the deal to sell Time Warner Cable to Comcast.
Included in Mr. Marcus' employment contract with Time Warner Cable was a change of control clause that guaranteed a golden parachute payment to Mr. Marcus in the event that Time Warner Cable was sold.
Mr. Marcus' take for six weeks of work: $80 million.
"Nice work if you can get it" . . .
For more of Mr Jim Hightower's insights check out: jimhightower.com.
Mr Robert Marcus started as CEO of Time Warner Cable on the 1st of January 2014.
Only six weeks later Mr. Marcus had succeeded in initiating, in negotiating, and in closing the deal to sell Time Warner Cable to Comcast.
Included in Mr. Marcus' employment contract with Time Warner Cable was a change of control clause that guaranteed a golden parachute payment to Mr. Marcus in the event that Time Warner Cable was sold.
Mr. Marcus' take for six weeks of work: $80 million.
"Nice work if you can get it" . . .
For more of Mr Jim Hightower's insights check out: jimhightower.com.