Time Warner Cable Chief Executive Rob Marcus stands to make about $80 million if Comcast's deal to purchase Time Warner Cable closes, according to a regulatory filing on Thursday. Marcus will receive about $20 million in cash, a $2.5 million bonus if certain targets are hit and $56.5 million in equity.Comcast Corp has agreed to buy the No. 2 cable provider in the United States for $45 billion.While striking for a CEO who has been in the top job for barely three months, his "golden parachute" is nothing new in the rough and tumble of big corporations, where well timed deals or even firings often bring big payouts for the executives involved.H.J. Heinz CEO William Johnson, for example, was set to reap about $56 million in last March after the ketchup maker's acquisition by Berkshire Hathaway and 3G Capital.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 1.46% or $2680.0/share to $186540.00. In the past year, the shares have traded as low as $152682.00 and as high as $188852.00. On average, 451 shares of BRK-A exchange hands on a given day and today's volume is recorded at 277.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 1.48% or $1.82/share to $124.44. In the past year, the shares have traded as low as $101.73 and as high as $125.91. On average, 3943840 shares of BRK-B exchange hands on a given day and today's volume is recorded at 3767426.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 1.5% or $2.05/share to $138.51. In the past year, the shares have traded as low as $89.81 and as high as $147.28. On average, 3399840 shares of TWC exchange hands on a given day and today's volume is recorded at 2705322.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.86% or $-0.58/share to $66.50. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5498060 shares of TWX exchange hands on a given day and today's volume is recorded at 3941355.
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