Rutledge 2016 Pay: $98.5M - Broadcasting & Cable

Rutledge 2016 Pay: $98.5M

Option awards drive huge compensation increases for Charter executives
Author:
Publish date:
Charter-sign.jpg

Charter Communications chairman and CEO Tom Rutledge received $98.5 million in total compensation in 2016, more than six times his take-home haul of $16.4 million in the previous year and driven mainly by healthy increases in option awards, according to a proxy statement filed Thursday.

Rutledge’s base salary stayed constant for the year at $2 million, but he reaped $77.9 million in option awards, a more than nine-fold increase over the $8 million in option awards he received in 2015.

The same held true for other top Charter executives. Chief operating officer John Bickham received $47.4 million in total compensation in 2016, a five-fold increase from the $8.7 million he earned in 2015. Option awards were the main driver -- $35.3 million in 2016 vs. $4.5 million in the previous year.

Go to Multichannel.com for the full story.

Related