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"Sources" Say Comcast-Time Warner Merger is Dead

posted by martyb on Friday April 24 2015, @07:25AM   Printer-friendly
from the bring-out-your-dead! dept.

takyon writes:

Comcast is reportedly backing out of its planned acquisition of Time Warner Cable. What's more, Comcast will not have to pay a breakup fee... unlike AT&T after its failed merger with T-Mobile US. Time Warner Cable CEO Rob Marcus will forgo $80 million due to the failure of the acquisition.

 
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  • (Score: 4, Insightful) by AndyTheAbsurd on Friday April 24 2015, @12:14PM

    by AndyTheAbsurd (3958) on Friday April 24 2015, @12:14PM (#174610) Journal

    Time Warner Cable CEO Rob Marcus will forgo $80 million due to the failure of the acquisition.

    According to SEC filings, the guy had a salary of $1,000,000 and a "target compensation" of $8,000,000 after all bonuses and etc in 2012. My salary, this year, isn't even up to six figures. So pardon me if I can't feel bad for him missing out on a bonus that's 10 times HIS annual salary and more than I'm likely to make in my entire working life.

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  • (Score: 2) by hybristic on Friday April 24 2015, @02:27PM

    by hybristic (10) on Friday April 24 2015, @02:27PM (#174664) Journal

    Yeah, but I bet if you just missed out on 80 mil, you'd be a little upset. Even at 9 million a year, 80 million is a lot of money to be missing out on. I agree though; Having not even made close to a million in my lifetime, I can't bring myself to feel for him.

  • (Score: 0) by Anonymous Coward on Friday April 24 2015, @02:50PM

    by Anonymous Coward on Friday April 24 2015, @02:50PM (#174674)

    What is even more screwed up is his bonus WAS getting the company bought out.

    His job was to sell the company. Not run the company. Not exactly in the best interests of the workers and owners of the company. The put a salesman in charge. Not someone who could run it.

  • (Score: 4, Funny) by M. Baranczak on Friday April 24 2015, @03:09PM

    by M. Baranczak (1673) on Friday April 24 2015, @03:09PM (#174677)

    Imagine how many jobs he could create if he had that $80 million.

    • (Score: 0) by Anonymous Coward on Friday April 24 2015, @05:02PM

      by Anonymous Coward on Friday April 24 2015, @05:02PM (#174732)

      A pool boy and 2 gardeners!