Rutledge’s 2014 Pay Increases Three-Fold - Broadcasting & Cable

Rutledge’s 2014 Pay Increases Three-Fold

Charter CEO rakes in $16M in 2014 compensation
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Charter Communications CEO Tom Rutledge raked in $16.1 million in total compensation in 2014, a more than three-fold increase from the $4.5 million he earned in the previous year, according to a proxy statement 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.

Under Rutledge’s leadership, Charter stock rose 22% in 2014 to $166.62, and has reported strong operational results (revenue and cash flow increased by double digits in the fourth quarter and it added 3,000 basic video subscribers).

For the full story go to Multichannel.com.

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