Bewkes to Remain Time Warner CEO Through 2017

NEW YORK (AP) -- Time Warner (NYSE: TWX  ) says it has extended the term of CEO Jeff Bewkes for another five years through 2017.

Under the terms of the new deal, Bewkes' base salary and bonus target will remain unchanged. The agreement also provides for annual long-term incentive awards that are tied to financial performance and shareholder returns.

Stephen Bollenbach, the company's lead independent director, said in a statement that Bewkes has "proven visionary when it comes to navigating the digital landscape."

Bewkes has been chief executive since 2008. He was president and chief operating officer for two years before that, and chairman of the entertainment and networks group from July 2002 to December 2005. He was also chairman and CEO of the premium pay TV channel HBO from May 1995 to July 2002.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2122048, ~/Articles/ArticleHandler.aspx, 4/17/2014 2:53:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.


Advertisement