Time Warner Chairman and CEO Jeff Bewkes received a pay raise last year, according to a regulatory filing unveiled today. After making a mere $32.6 million in 2016, Bewkes got a bump to $48.99 million — a raise of $16.39 million.
According to The Hollywood Reporter, Bewkes’ compensation in 2015 was $31.5 million. Working back from there, he made $32.9 million in 2014 after making $32.5 million in 2013 and $25.9 million in 2012.
“His 2017 pay package included a bump in stock awards to $32 million, from a year-earlier $7.75 million, on a base salary that remained constant at $2 million,” THR reports. “And Bewkes’ 2017 package included restricted stock units received as part of a retention program. The majority of his compensation has been based on the company’s financial and stock performance.”