Does Time Warner Inc's Policy and Procedure SAY to NOT Disclose Massive Liabilities to TWX, Warner Bros, AOL Shareholders?
How Independent are the TWX, Time Warner Inc. "Independent Directors"
"TIME WARNER INC. -
PAUL F. WASHINGTON - Corporate Secretary"
(
Paul T. Cappuccio, Patricia Fili-Krushel and John K. Martin, Jr.)
"...Under New York Stock Exchange rules"~ Like Time Warner Inc has ANY Respect for the Under New York Stock Exchange RULES.
"Stock Incentive Plan"
"
Time Warner Inc. Stock Fund"
"
Time Warner Savings Plan"
"
Fidelity Management Trust Company, as Trustee"
"Time Incorporated Payroll-Based Employee Stock Ownership Plan and the WCI Employee
Stock Ownership Plan "
"CORPORATE GOVERNANCE AND BOARD MATTERS"
"Time Warner is committed to maintaining strong corporate governance practices that allocate
rights and responsibilities among the Company’s stockholders, the Board of Directors (the “Board” or the “Board of Directors”) and management in a manner that benefits the long-term interests of the Company’s stockholders. Accordingly, the Company’s corporate governance practices are designed not merely to satisfy regulatory requirements, but to provide for effective oversight and management of the Company. "
"
New Independent Directors. During July and October 2009, the Board elected two new
independent directors,
William P. Barr and Fred Hassan, respectively. Mr. Barr brings to the Board his significant experience in government as a senior government official, including his
former role as Attorney General of the United States.
He also brings almost 15 years of experience in technology and communications as the former Executive Vice President and
General Counsel of Verizon Communications and GTE Corporation. Mr. Hassan brings to the Board more than 15 years of leadership experience as the former CEO of large global companies with major international operations.
In addition, each of Messrs.
Barr and Hassan has the personal qualities, including integrity and sound judgment, important for service on the Board.
Messrs. Barr and Hassan were initially suggested as potential candidates by the Company’s
management other than the Chief Executive Officer.
Each of Messrs. Barr and Hassan then met
with all of the members of the Nominating and Governance Committee, which led the search
process with the assistance of an outside, independent advisor. "
Fred Hassan Was Involved, Aware of the Iviewit Technology Theft, Right?
"
Fred Hassan Former Chairman and Chief Executive Officer, Schering-Plough Corporation"
Independent Directors? I don't Think So. TRY Cronies, Favors Owed and Pulled, Good Ol' Boys and Wall of Corruption but NO Way ... "New Independent Directors."
Really, "Independent" Are You Sure? Is that What Your "Going With" ? Who Gets to Say these Folks are "Independent" - I Say they are NOT... Well Stay, Tuned for TONS of Reasons why they are NOT Truly "Independent"
"The following current directors were determined by the Board to be independent: James L.
Barksdale, William P. Barr, Stephen F. Bollenbach, Frank J. Caufield, Robert C. Clark, Mathias Döpfner, Jessica P. Einhorn, Fred Hassan, Michael A. Miles, Kenneth J. Novack and Deborah C. Wright. Each of the foregoing directors is a nominee for director.
The Board previously determined that Reuben Mark, a former director who served during part of 2009 but did not stand for re-election at the Company’s 2009 Annual Meeting of Stockholders, was independent during his service as a director during 2009. "
"Dick Clark Productions, Inc.,
FedEx Corporation and Sun Microsystems, Inc. (Mr. Barksdale); Dominion Resources, Inc. (Mr. Barr); American International Group, Inc., KB Home and Macy’s, Inc. (Mr. Bollenbach);
Omnicom Group, Inc. and TIAA (Mr. Clark); dpa Deutsche Presse Agentur GmbH (Mr. Döpfner); Avon Products, Inc., Bausch & Lomb Incorporated and Schering-Plough Corporation (Mr. Hassan); AMR Corporation,
Citadel Broadcasting Corporation and Dell Inc. (Mr. Miles); and Kraft Foods Inc. (Ms. Wright).
The foregoing transactions consisted mainly of revenue received from the other companies to the Company (e.g., advertising revenues) and the Company’s payment for services or products provided by the other companies in the ordinary course of business (e.g., payments to Sun Microsystems, Inc. for computer products and services)."
Favors Owed - Conflicts of Interest -
Protection for Time Warner Inc. and Jeffrey Bewkes to Commit Crimes against Inventors and Stockholder."
Other Relationships: Within the three most recently completed fiscal years, (i) Mr. Caufield is a co-founder of Kleiner Perkins Caufield & Byers, where Mr. Barksdale serves as a strategic limited partner; (ii) Mr. Caufield and Ms. Einhorn have served on the global advisory board of J.E. Robert Companies; (iii) Ms. Einhorn and
Mr. Bewkes have served as directors on the board of the Council on Foreign Relations; (iv) Mr. Hassan serves as a director of Avon Products, Inc., where
the Chairman and CEO of Time Inc., a subsidiary of the Company, serves as a director; and (v) Ms. Wright serves as Chairman, President and Chief Executive Officer of Carver Bancorp, Inc. where a senior executive (who is not an executive officer) of the Company served as a director."
*******
James L. Barksdale, Chairman and President of Barksdale Management Corporation, a private investment management company.
He is also a strategic limited partner of Kleiner Perkins Caufield & Byers, a venture capital firm. Mr. Barksdale, 67, was first elected to the Board of Directors in January 2001.
• Prior Professional Experience: Previously, Mr. Barksdale served in the following positions:
• President and CEO, Netscape Communications Corp. — 1995 to
1999 (when it was acquired by AOL).
• Executive Vice President and Chief Operating Officer, FedEx Corporation— 1983 to 1992.
• Chief Information Officer, FedEx Corporation— 1979 to 1983.
• Chief Information Officer and other management positions, Cook
Industries — 1972 to 1979.
• Company Directorship: Mr. Barksdale is an Independent Director.
He was a director of AOL from March 1999 to January 2001.
• Other Public Company Directorships: Mr. Barksdale serves as a
director of FedEx Corporation. During the past five years,
Mr. Barksdale also served as a director of Sun Microsystems, Inc. "
This Does Not Look Like "Independent" to Me.....
******
William P. Barr, Former Attorney General of the United States.
Mr. Barr, 59, was first elected to the Board of Directors in July 2009.
• Prior Professional Experience: Previously, Mr. Barr served in the
following positions:
• Executive Vice President and General Counsel of Verizon Communications Inc. — June 2000 to December 2008.
• Executive Vice President and General Counsel of GTE Corporation— 1994 to June 2000.
• Partner of Shaw, Pittman, Potts & Trowbridge (now Pillsbury
Winthrop Shaw Pittman LLP)— 1993 to 1994.
• 77th Attorney General of the United States — 1991 to 1993.
• Deputy Attorney General of the United States — 1990 to 1991.
• Assistant Attorney General for the Office of Legal Counsel —
1989 to 1990.
• Partner of Shaw, Pittman, Potts & Trowbridge— 1984 to 1989.
• Company Directorship: Mr. Barr is an Independent Director.
• Other Public Company Directorships: Mr. Barr serves as a director of
Dominion Resources, Inc. and Selected Funds "
*******
Time Warner Inc. Sure Does Have Vague, Loose Interpretations of "Independent".
*******"Stephen F. Bollenbach, Former Co-Chairman and Chief Executive
Officer of Hilton Hotels Corporation. Mr. Bollenbach, 67, was first
elected to the Board of Directors in January 2001.
• Prior Professional Experience: Previously, Mr. Bollenbach served in
the following positions:
• Co-Chairman and Chief Executive Officer of Hilton Hotels
Corporation— May 2004 to October 2007.
• President and Chief Executive Officer, Hilton Hotels Corporation
— 1996 to 2004.
• Senior Executive Vice President and Chief Financial Officer, The
Walt Disney Company — 1995 to 1996.
• President and Chief Executive Officer, Host Marriott Corporation
— 1993 to 1995.
• Chief Financial Officer, Marriott Corp. — 1992 to 1993.
• Company Directorship: Mr. Bollenbach is an Independent Director.
He was a director of Historic TW from 1997 to January 2001.
• Other Public Company Directorships: Mr. Bollenbach serves as a
director of KB Home and Macy’s, Inc. During the past five years, Mr.
Bollenbach also served as a director of American International Group,
Inc., Harrah’s Entertainment, Inc., Hilton Hotels Corporation, Catellus
Development Corporation and Caesars Entertainment. "
(KPCB). KPCB is one of the largest venture capital firms in the U.S.
January 2001.
General Partner and Manager, Oak Grove Ventures, a venture capital
partnership in Menlo Park, California— 1973 to 1978.
• Company Directorship: Mr. Caufield is an Independent Director. He
was a director of AOL from 1991 to January 2001.
• Other Public Company Directorships: During the past five years, Mr.
Caufield served as a director of JER Investors Trust Inc.
• Other Directorships: Mr. Caufield also served on the global advisory
board of J.E. Robert Companies until November 2009."
******
"Robert C. Clark, Distinguished Service Professor at Harvard
University — July 2003 to present. His research and teaching interests are
centered on corporate governance. Mr. Clark, 66, was first elected to the
Board of Directors in January 2004.
• Prior Professional Experience: Previously, Mr. Clark served in the
following positions:
• Dean and Royall Professor of Law, Harvard Law School— 1989
to 2003.
• Professor, Harvard Law School— 1978 to 2003. Concentrated on
corporate law; author of Corporate Law.
• Professor, Yale Law School— 1974 to 1978.
• Associate, Ropes & Gray — 1972 to 1974. Practice involved
commercial and corporate law.
• Company Directorship: Mr. Clark is an Independent Director.
• Other Public Company Directorships: Mr. Clark serves as a director of
Omnicom Group, Inc. During the past five years, Mr. Clark also
served as a director of Collins & Aikman Corporation and Lazard Ltd.
• Other Directorships: Mr. Clark is also a trustee of TIAA, a large
pension fund serving the higher education community.
Springer AG, a large newspaper and magazine publishing company in
Germany — January 2002 to present. Also serves as Head of the
Newspapers Division (November 2000 to present) and the International
Division (January 2008 to present) of Axel Springer AG. Mr. Döpfner, 47,
was first elected to the Board of Directors in July 2006.
• Prior Professional Experience: Previously, Mr. Döpfner served in the
following positions:
• Member of the Executive Board of the Electronic Media Division
of Axel Springer AG — July 2000 to November 2000.
• Editor-in-Chief of Die Welt — 1998 to 2000.
• Editor-in-Chief of Hamburger Morgenpost — 1996 to 1998.
• Editor-in-Chief of Wochenpost — 1994 to 1996.
• Company Directorship: Mr. Döpfner is an Independent Director.
• Other Public Company Directorships: Mr. Döpfner serves as a member
of the supervisory board of directors of RHJ International SA. During
the past five years, Mr. Döpfner also served as a director of Schering
AG and Deutsche Telekom AG. "
******
"International Studies (SAIS) at The Johns Hopkins University — June
2002 to present. Ms. Einhorn, 62, was first elected to the Board of Directors
in May 2005.
• Prior Professional Experience: Previously, Ms. Einhorn served in the
following positions:
• Consultant, Clark & Weinstock, a strategic communications and
public affairs consulting firm— 2000 to 2002.
• Visiting Fellow, International Monetary Fund— 1998 to 1999.
• Executive positions at The World Bank, an international
economic development organization — 1978 to 1979 and 1981 to
1999, including Managing Director for Finance and Resource
Mobilization — 1996 to 1998.
• Company Directorship: Ms. Einhorn is an Independent Director.
• Other Directorships: Ms. Einhorn is also a director of the Peter G.
Peterson Institute for International Economics, the Center for Global
Development, and the National Bureau of Economic Research.
Ms. Einhorn is also a member of the advisory board of Rock Creek
Group. She also served as the chair of the global advisory board of J.E.
Robert Companies until November 2009.
Fred Hassan, Senior Advisor at Warburg Pincus, a private equity firm
— November 2009 to present. Mr. Hassan, 64, was first elected to the
Board of Directors in October 2009.
• Prior Professional Experience: Previously, Mr. Hassan served in the
following positions:
• Chairman and Chief Executive Officer of Schering Plough
Corporation— 2003 to November 2009.
• Chairman and Chief Executive Officer of Pharmacia Corporation
— 2001 to 2003.
• Chief Executive Officer of Pharmacia Corporation— 2000 to
2001.
• Chief Executive Officer of Pharmacia & Upjohn, Inc. — 1997 to
2000.
• Company Directorship: Mr. Hassan is an Independent Director.
• Other Public Company Directorships: Mr. Hassan serves as a director
of Avon Products Inc. During the past five years, Mr. Hassan also
served as a director of Schering-Plough Corporation."
*******
"Michael A. Miles, Special Limited Partner, Forstmann Little &
Company, a private equity firm— February 1995 to present. Mr. Miles,
70, was first elected to the Board of Directors in January 2001.
• Prior Professional Experience: Previously, Mr. Miles served in the
following positions:
• Chairman of the Board and Chief Executive Officer of Philip
Morris Companies Inc. (now named Altria Group, Inc.)— 1991
to 1994.
• Vice Chairman and a member of the Board of Directors of Philip
Morris Companies Inc. and Chairman and Chief Executive
Officer of Kraft Foods, Inc. — 1989 to 1991. Previously served
as Kraft Foods’ President and Chief Executive Officer, and
President and Chief Operating Officer— 1982 to 1991.
• Executive positions at Heublein, Inc., including Senior Vice
President of Foods and Chairman of Kentucky Fried Chicken
Corporation (KFC) Worldwide; Senior Vice President of
Marketing for its Kentucky Fried Chicken subsidiary; Vice
President and General Manager of Heublein’s Grocery Products
Group; Group Vice President of Heublein’s international
operations — 1971 to 1982.
• Executive positions at Leo Burnett Co., a Chicago-based
advertising agency — 1961 to 1971.
• Company Directorship: Mr. Miles is an Independent Director. He
was a director of Historic TW from 1995 to January 2001.
• Other Public Company Directorships: Mr. Miles serves as a director of
AMR Corporation and Citadel Broadcasting Corporation. During the
past five years, Mr. Miles also served as a director of Dell Inc., Sears
Holding Corporation and Morgan Stanley & Co."
Glovsky and Popeo, PC, a Boston-based law firm— January 2004 to
present. Mr. Novack is a retired partner of this law firm and no longer
practices law. Mr. Novack, 68, was first elected to the Board of Directors in
January 2001.
• Prior Professional Experience: Previously, Mr. Novack served in the
following positions:
• Vice Chairman of the Company — from the AOL-Historic TW
Merger in January 2001 to December 2003.
• Vice Chairman, AOL— May 1998 to the AOL-Historic TW
Merger in January 2001.
• Of Counsel, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC
— 1998 to 2001.
• Attorney, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC—
1966 to 1998, and served on its executive committee from 1970
until his retirement in 1998.
• Company Directorship: Mr. Novack is an Independent Director. He
• Other Directorships: Mr. Novack serves in the following capacities for
the following privately held companies: a director of Appleton
Partners, Inc., Humedica, Inc., Leerink Swann & Company, Paratek
Pharmaceuticals, Inc. and Prematics, Inc. and an advisory board
member of General Catalyst Partners and Gordon Brothers Group.
of Carver Bancorp, Inc. and Carver Federal Savings Bank— February
2005 to present.
Carver Bancorp, Inc. is the holding company for Carver
Federal Savings Bank, a federally chartered savings bank. Ms. Wright, 52,
was first elected to the Board of Directors in May 2005.
• Prior Professional Experience: Previously, Ms. Wright served in the
following positions:
• President and Chief Executive Officer of Carver Bancorp, Inc.
• President and Chief Executive Officer of the Upper Manhattan
fund— 1996 to 1999.
• Commissioner of the Department of Housing Preservation and
Development — 1994 to 1996.
• Member of the New York City Planning Commission — 1992 to
1994, and the New York City Housing Authority Board — 1990
to 1992.
• Company Directorship: Ms. Wright is an Independent Director.
• Other Public Company Directorships: Ms. Wright serves as a director
of Carver Bancorp, Inc. and Kraft Foods Inc."
Do All of these Supposed Independent Directors KNOW about the
Massive Shareholder Fraudthat Jeffrey Bewkes WILL NOT Disclose?
Paul T. Cappuccio . . . . . . . . . . . . 48 Executive Vice President and General Counsel
Patricia Fili-Krushel . . . . . . . . . . 56 Executive Vice President, Administration
Gary L. Ginsberg . . . . . . . . . . . . . 47 Executive Vice President
John K. Martin, Jr. . . . . . . . . . . . . 42 Executive Vice President and Chief Financial Officer
Carol A. Melton . . . . . . . . . . . . . . 55 Executive Vice President, Global Public Policy
Olaf Olafsson . . . . . . . . . . . . . . . . 47 Executive Vice President "
Do All of the
Executive Officers of Time Warner Inc KNOW about the
Massive Shareholder Fraudthat Jeffrey Bewkes WILL NOT Disclose?
"Mr. Bewkes Chairman and Chief Executive Officer since January 1, 2009; prior to that,
Mr. Bewkes served as President and Chief Executive Officer from January 1, 2008
and President and Chief Operating Officer from January 1, 2006. Director since
January 25, 2007.
Prior to January 1, 2006, Mr. Bewkes served as Chairman,
Entertainment & Networks Groupfrom July 2002 and, prior to that, Mr. Bewkes served as Chairman and Chief Executive Officer of the Home Box Office division from May 1995, having served as President and Chief Operating Officer from
1991.
Mr. Cappuccio Executive Vice President and General Counsel since January 2001; prior to that,
he served as Senior Vice President and General Counsel of AOL from August
1999. From 1993 to 1999, Mr. Cappuccio was a partner at the Washington, D.C.
office of the law firm of Kirkland & Ellis. Mr. Cappuccio was an Associate
Deputy Attorney General at the U.S. Department of Justice from 1991 to 1993.
Chief Executive Officer of the WebMD Health division of WebMD Corporation
from April 2000 to July 2001 and President of ABC Television Network from July
1998 to April 2000. Prior to that, she was President, ABC Daytime from 1993 to
1998.
Mr. Ginsberg Executive Vice President since April 5, 2010; prior to that, Mr. Ginsberg served as
an Executive Vice President at News Corporation from January 1999 to December
2009, most recently serving as Executive Vice President of Global Marketing and
Corporate Affairs. Prior to that, Mr. Ginsberg served as Managing Director at the strategic consulting firm, Clark & Weinstock, from November 1996 to December 1998,
Senior Editor and Counsel of George Magazine from March 1995 to November 1996, and Assistant Counsel to
President Clinton and Senior Counsel at the U.S. Department of Justice from January 1993 to November 1994."
Mr. Martin Executive Vice President and Chief Financial Officer since January 2008; prior to
that, he was Executive Vice President and Chief Financial Officer of Time Warner
Prior to that, Mr. Martin was Director in the Equity Research group of ABN AMRO Securities LLC from 2000 to 2002, and Vice President of Investor Relations at Time Warner
from 1999 to 2000. Mr. Martin first joined the Company in 1993 as a Manager of
SEC financial reporting.
Ms. Melton Executive Vice President, Global Public Policy since June 2005; prior to that, she worked for eight years at Viacom Inc., serving as Executive Vice President,
Government Relations at the time she left to join Time Warner.
Prior to that,Ms. Melton served as Vice President in Time Warner’s Public Policy Office until
Mr. Olafsson Executive Vice President since March 2003. During 2002, Mr. Olafsson pursued
personal interests, including working on a novel that was published in the fall of
November 1999 through December 2001 and, prior to that, Mr. Olafsson served as
President of Advanta Corp. from March of 1998 until November 1999."
William P. Barr (6) . . . . . . . . . . . . . . . . . . . . . . 0 0 0 0 *
Jeffrey L. Bewkes (7) . . . . . . . . . . . . . . . . . . . . . 219,078 3,462,112 34,563 75,029 *
Stephen F. Bollenbach (8) . . . . . . . . . . . . . . . . . 10,333 63, 803 0 0 *
Paul T. Cappuccio (7) . . . . . . . . . . . . . . . . . . . . 60,986 1,267,065 8,558 16,294 *
Frank J. Caufield . . . . . . . . . . . . . . . . . . . . . . . . 83,832 61,636 0 0 *
Robert C. Clark . . . . . . . . . . . . . . . . . . . . . . . . . 6,649 13,490 0 0 *
Mathias Döpfner . . . . . . . . . . . . . . . . . . . . . . . . 2,447 4,820 0 0 *
Fred Hassan (8) . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0 0 *
John K. Martin, Jr. (7) . . . . . . . . . . . . . . . . . . . . 4,567 273,606 0 3,192 *
Michael A. Miles (9) . . . . . . . . . . . . . . . . . . . . . 21,864 63,803 0 0 *
Kenneth J. Novack (10) . . . . . . . . . . . . . . . . . . . 15,395 1,457,772 0 0 *
Olaf Olafsson (7) . . . . . . . . . . . . . . . . . . . . . . . . 20,990 419,119 6,368 12,178 *
All current directors and executive officers (18
persons) as a group (2)-(10) . . . . . . . . . . . . . . 676,320 8,334,130 64,447 135,308 * "
**********"Security Ownership of Certain Beneficial Owners
Based on a review of filings with the SEC, the Company has determined that the following
persons are holders of more than 5% of the outstanding shares of Common Stock as of December 31, 2009:
333 South Hope Street
Los Angeles, CA 90071
BlackRock, Inc. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,221,170 6.0%
40 East 52nd Street
New York, NY 10022
Dodge & Cox (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61,346,169 5.3%
555 California Street, 40th Floor"
***********"Independent Auditors and Internal Audit Matters."
Time Warner Inc Executives are Trying to Sell the Statment that "Auditors" are Independent as Well? I Don't Think So, much more on the Time Warner "Independent Auditors" NOT Disclosing
Massive Shareholder Fraud, Coming SOON.
************Do The Members of the Audit and Finance Committee Know about the
Massive Shareholder Fraud and Fail to AUDIT it, or to Disclose to
Time Warner, TWX, Warner Bros, AOLShareholders and Insurance Carriers ???
Click Here for Open Letter Disclosing to YOU the Deception and Liability that YOU, the Stockholders of Time Warner, TWX, Warner Bros, and AOL have over the PROVEN Fact, SEC Complaint, Lawsuits and Signed Agreements PROVING that Time Warner Inc. Flat out STOLEa Video Encoding Technology from the Iviewit Inventors WHO really, Actually Invented this "backbone" Technology.
****************** Are you Kidding?
This Kind of Audit Fees, PAID by YOUR Money and they
FAIL to do Due Diligence and Disclose to you a Technology Theft that is Now worth 13 Trillion Dollars ??
"Fees of the
Independent Auditors2009 2008
Audit Fees (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $23,272,000 $26,149,000
Audit-Related Fees (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,196,000 7,923,000
Tax Fees (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,026,000 2,327,000
All Other Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
Total Fees for Services Provided . . . . . . . . . . . . . . . . . . . . . . . $27,494,000 $36,399,000 "
************
So is this
HUSH Money or do these Supposed
"Independent Directors" of Time Warner Inc. Really NOT
know about the iViewit Technology THEFT by TWX that will COST Time Warner StockHolders BILLIONS on Top of Billions Every YEAR.
"
DIRECTOR COMPENSATION FOR FISCAL YEAR 2009
Robert C. Clark . . . . . . . . . . . $100,000 $75,014 $22,533 — — — $197,547
Mathias Döpfner . . . . . . . . . . $100,000 $75,014 $22,533 — — — $197,547
Fred Hassan (7) . . . . . . . . . . . $ 57,810 $ — $31,077 — — — $ 88,887
Reuben Mark (5)(8) . . . . . . . . $ — $ — $ — — — $ 90,000 $ 90,000
****
"Total Stock Awards (Restricted Stock and RSUs)Outstanding at 12/31/09
Total Option Awards Outstanding at 12/31/09
William P. Barr . . . . . . . . . . . . . . . . . . . . . . . . . . . — 3,853
Robert C. Clark . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,475 23,118
Mathias Döpfner . . . . . . . . . . . . . . . . . . . . . . . . . . 5,954 14,448
Fred Hassan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 3,853
Reuben Mark . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 69,578
************
Over 20 Million Dollars in
Time Warner Inc Executive Bonuses and YET Jeffrey Bewkes is covering up a 13 Trillion Dollar Liability. Crime Sure DOES Pay.
"
Determination of 2009 Bonuses. In determining bonuses for 2009, the Committee considered
the Company financial performance rating (143%) and the proposed individual performance ratings for the named executive officers for the four Executive Vice Presidents (145% for Mr. Martin, 135% for Mr. Cappuccio and Ms. Fili-Krushel and 130% for Mr. Olafsson out of a maximum of 150%).
The Committee also considered the potential bonus amounts that would result from the application of these performance ratings in a formulaic manner.
With respect to Mr. Bewkes, the Committee considered a number of factors, including his target bonus, the bonus awarded for 2008, the Company’s financial operating and stock performance during 2009, and the macroeconomic conditions that prevailed during 2009, as well as Mr. Bewkes’ 140% individual performance in leading the Company as CEO and the Board as Chairman.
The Committee exercised its discretion in determining final bonus amounts for each named executive officer, taking into account the individual’s performance and increasing or decreasing the bonus amounts that would result from the application of the formula, including to approve a bonus for Mr. Martin that is higher than the amount that would be determined from
application of the formula. The final bonus amounts are set forth in the chart below.
2009 Bonus Amount
Olaf Olafsson . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,050,000"
************
Quotes from the above Time Warner Inc.’s 2010 AnnualMeeting of Stockholders Post, that have no link are from this...So Funny, Proxy Statements - Annual Meeting, This all suggest that Jeffrey Bewkes has ANY respect for the Law or the SEC Rules, while at the Same Time,
Time Warner Inc. Jeffrey Bewkesis Covering UP Massive Shareholder, Stockholder Fraud over the FACT that Time Warner Stole a technology now worth Trillions. Time Warner had Signed Agreements and this was Before the Time Warner AOL Split.
More on
Time Warner Inc. and the Blatant Stealing of the iViewit Technology
