Time Warner CEO

[casp0555]

Now I understand exactly why my cable bill is 2 bills amonth

http://www.usatoday.com/story/money/...llion/6658083/

[Pants II]

Who woulda thunk monopoly money would be so real?

[dellinger63]

Originally Posted by casp0555

Now I understand exactly why my cable bill is 2 bills amonth

http://www.usatoday.com/story/money/...llion/6658083/

Time Warner had 11.4 million subscribers before its buyout by Comcast and its 21.7 million subscribers making as last month's article states about 30 million subscribers total. Dividing the $80 million CEO parachute per subscriber comes to $2.60 or 22 cents per month for a year.

The reason you're paying that $200/month certainly has nothing to do with the CEO's $80 million (Govt. to get $30 million of it at least).

But when Comcast pays $45.2 billion for 11.4 million subscribers (almost 4K/subscriber) that $80 million or 2 tenths of 1% is chump change. And Comcast is relying you and everyone else to stay around 2 years to make a profit.

http://dealbook.nytimes.com/2014/02/...ype=blogs&_r=0

[casp0555]

The reason you're paying that $200/month certainly has nothing to do with the CEO's $80 million (Govt. to get $30 million of it at least).

I dont beleive that "it doesnt have anything to do with it" The guy made $10 a second for 3 months straight....to broker a deal to buy up a major cable company. He's not the only exec that was compensated with bonus money "in order to retain" during the transition. Add that $$ to the bottom line and who pays for that??? The freakin' consumer...it has everyting to do with it

[jms62]

Originally Posted by casp0555

The reason you're paying that $200/month certainly has nothing to do with the CEO's $80 million (Govt. to get $30 million of it at least).

I dont beleive that "it doesnt have anything to do with it" The guy made $10 a second for 3 months straight....to broker a deal to buy up a major cable company. He's not the only exec that was compensated with bonus money "in order to retain" during the transition. Add that $$ to the bottom line and who pays for that??? The freakin' consumer...it has everyting to do with it

You are talking to someone who is stuck in the 1970's where a well compensated CEO made 5-10 times what his average employee made. You are talking to someone who sees no issues with the oligarchy that we are spiraling towards when the above companies "donate" money to politicians to make rules to further the spiral. You are talking to someone who is whistling past the graveyard of economic collapse and massive deflation when the music stops and no one is able/willing to purchase. The fact that he is insulting our collective intelligence stating that this CEO who can afford the best accounting/ tax avoidance strategies will pay 30 million of this 80 million in taxes should tell us all we need to know. Willful Ignorance is the most polite thing I can say.

[dellinger63]

Originally Posted by casp0555

The reason you're paying that $200/month certainly has nothing to do with the CEO's $80 million (Govt. to get $30 million of it at least).

I dont beleive that "it doesnt have anything to do with it" The guy made $10 a second for 3 months straight....to broker a deal to buy up a major cable company. He's not the only exec that was compensated with bonus money "in order to retain" during the transition. Add that $$ to the bottom line and who pays for that??? The freakin' consumer...it has everyting to do with it

I should have said .22 cents a month for a year instead of nothing.

[dellinger63]

Originally Posted by jms62

You are talking to someone who is stuck in the 1970's where a well compensated CEO made 5-10 times what his average employee made.

You mean the 1970's when gasoline was rationed and no one could afford a home or finance a car because interest rates were close to 20%? That 70's?

If it makes you feel better the $80 million today comes out to $13.5 million in 1970 dollars.

Remember it came out to $2.60 per customer or roughly 1% of a one month bill for Casp.

BTW Enjoy Comcast, they suck!