The top man at Time Warner saw his paycheck get a massive boost in 2010, Bloomberg reports. Compensation paid to Chairman and CEO Jeffrey Bewkes jumped 34% to $26.3 million, according to the report.
Bewkes’ salary rose to $2 million from $1.75 million, the company said in a regulatory filing, according to the report. Bewkes received a bonus of $14.4 million and $5.52 million in stock awards and $4.07 million in option awards in 2010, compared with a bonus of $12.1 million in 2009, the story says.
The article points out that media executives have seen their compensation jump along with the rebound in the advertising market.