[4457] in Privacy_Forum
[ PRIVACY Forum ] Time Warner Cable's next CEO doesn't care about the
daemon@ATHENA.MIT.EDU (PRIVACY Forum mailing list)
Fri Dec 6 14:19:40 2013
Date: Fri, 6 Dec 2013 11:00:36 -0800
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Time Warner Cable's next CEO doesn't care about the Internet or
subscribers, just selling the company for big bucks
http://j.mp/1kk3mFq (Bloomberg)
"I am the perfect guy to manage the M&A component out there,"
Marcus said at the company's headquarters in New York's Time
Warner Center. "As much as I'd like to be modest, I am kind of
built to manage situations like this." ... "I am interested only
in the value creation and not in entrenchment or my role here,"
he said. If a transaction leads to him not being CEO, "If I want
another job, I'm going to get one. I have no doubt. And it's
going to be a good one." Marcus also stands to receive more than
$50 million in an exit package if the company is sold, according
to filings.
- - -
Notice it's not about service, it's not about the importance of the
Internet, it's not about the customers. It's about how much money he
can get for selling the company (and himself -- $50M if Time Warner
Cable sells!) and Internet subscribers be damned. Nauseating.
--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Founder:
- Network Neutrality Squad: http://www.nnsquad.org
- PRIVACY Forum: http://www.vortex.com/privacy-info
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
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Tel: +1 (818) 225-2800 / Skype: vortex.com
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