HardOCP News
[H] News
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- Dec 31, 1969
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I'm telling you, we are all in the wrong business. $80 million for essentially taking the CEO job and immediately selling the company?
Robert D. Marcus became chief executive of Time Warner Cable at the start of the year. Less than two months later, he agreed to sell the company to its largest rival, Comcast, for $45 billion. For that work, he will receive nearly $80 million if the deal closes, a severance payment that amounts to more than $1 million a day for the six weeks he ran the company before agreeing to sell.