NEW YORK (AP) — Media giant Time Warner Inc. said Tuesday that it has extended the term of CEO Jeff Bewkes for another five years through 2017.
Under the terms of the new deal, Bewkes’ base salary of $2 million and bonus target of around $10 million in stock and option awards will remain unchanged. The agreement also provides for annual long-term incentive awards that are tied “directly and solely” to financial performance and shareholder returns.
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