Time Warner CEO's pay climbed 35 percent in 2010

AP News
Posted: Mar 29, 2011 9:09 PM
Time Warner CEO's pay climbed 35 percent in 2010

An Associated Press tally shows that Time Warner Inc. CEO Jeffrey Bewkes received compensation for 2010 valued at $26.1 million. That's up 35 percent from what he took home in 2009 as the media company's bottom line benefited from strong demand for its television content and cost cuts in publishing.

Bewkes, 58, received a salary of $2 million in 2010 and a performance-based bonus of $14.4 million, according to data filed with regulators on Tuesday. But the biggest bump came from a surge in the value of stock and option grants that he was awarded by the New York-based company.

The value of Bewkes' perks, such as personal use of a company plane, car and driver, dipped by 12 percent to $124,129.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.