Robert Marcus, the chief executive of Time Warner Cable, is up for a compensation package worth as much as $79.9 million if the sale of the company to Comcast closes.
Chairman-CEO Glenn Britt will be succeeded at the end of the year by President-COO Robert Marcus. Marcus, 48 joined Time Warner Inc. in 1998 and moved to TWC in 2005. He was named chief financial officer in 2008. Marcus worked side by side with Britt during TWC’s 2009 spin-off from Time Warner Inc.
Time Warner Cable said today that Robert Marcus, senior executive vice president and chief financial officer, has been named president and chief operating officer, replacing Landel Hobbs who will be leaving the company.