Morning Coffee Apr 09 2012

Cablevision's Rutledge Probably Didn't Leave For Just Money

By damian ghigliotty

Tom Rutledge, Cablevision's former chief operating officer who left the company to take over as chief executive of the St. Louis-based Charter Communications, now ranks as one of the highest-paid media executives.

Rutledge, 59, earned total compensation of $23.19 million for 2011, more than twice that of his former boss, James Dolan, who earned total compensation of $11.45 million last year, according to The Wall Street Journal.

Rutledge's compensation from Cablevision included $1.74 million in base salary and more than $12 million in retirement benefits.

As CEO of Charter, Rutledge will earn $2 million in base salary and a grant of $32 million in restricted stock.

To put his earnings into further context: Time Warner CEO Glenn Britt earned total compensation of $16.43 million for 2011, down from $13.44 million a year earlier.

Rutledge joined Charter, the country's fourth-largest cable operator, in December replacing the company's interim CEO Mike Lovett, who took over after former CEO Neil Smit left to run Comcast's cable business in January 2010.

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Someone needs to put an electronic fence around the window.

List of the Day: Religion

Hold back when it comes to talking religion in the workplace.

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3. Know when to keep quiet.

(Source: Glassdoor.com)



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