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Friday, September 5, 2014

Time Warner Cable employees to share $416 million under retention plan, (NYSE: TWC), (NYSE: TWX)

Employees of Time Warner Cable will be $416 million richer even if the cable operator's merger with Comcast does not close, a move designed to keep staff from bolting while federal regulators contemplate the deal. A proxy statement, prepared for the shareholders meetings of both companies in October to vote on the merger, also lays out the nearly $81.8 million golden parachute that Time Warner Cable's chairman and chief executive, Robert D. Marcus, would receive.His payment includes cash, restricted stock, options and $300,000 to pay for financial planning services.In all, the company will hand out golden parachutes of more than $136 million to five of its top executives if the deal closes.Comcast Corp last February said it would purchase Time Warner Cable Inc in a $45.2 billion stock swap that combines the two largest U.S. cable operators.

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 1.91% or $2.82/share to $150.20. In the past year, the shares have traded as low as $107.63 and as high as $154.12. On average, 1501370 shares of TWC exchange hands on a given day and today's volume is recorded at 1754429.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.35% or $-0.27/share to $76.96. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 8040380 shares of TWX exchange hands on a given day and today's volume is recorded at 6914900.



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