The CEO of Charter Communications got a pay bump last year that has to be considered more than just a “bump.” Multichannel News reports that Tom Rutledge’s total compensation more than tripled in 2014, going up from $4.5 million to $16.1 million.
The report cites a proxy statement that was filed with the Securities and Exchange Commission.
“According to the proxy, Rutledge received the same salary in 2014 — $1.99 million – but received $8.9 million in option awards — compared to none in 2013. His non-equity incentive compensation rose 72% in the period to $3.8 million from $2.2 million in the prior year,” the story reports.
The article notes that Charter’s stock price increased 22% under Rutledge in 2014, to $166.62.
“In addition, Charter is set to gain about 3.9 million customers through a series of sales, swaps and spins with the combined Comcast-Time Warner Cable that would take effect once that larger deal is completed,” the report adds.