Opinion: It’s lose-lose for AT&T shareholders in the Time Warner deal
By Howard Gold
Published: Oct 26, 2016 9:00 a.m. The biggest winner would be Time Warner CEO Jeff Bewkes, who could receive cash and stock worth almost half a billion dollars
Neither AT&T nor Time Warner is growing much.
The biggest winner of all would be Time Warner CEO Jeff Bewkes who, if he steps down after the deal closes, could walk away with cash and stock worth almost half a billion dollars. Randall Stephenson, AT&T’s CEO, has to settle for a mere $22 million a year and the perks that come with being the latest in a long line of media empire builders.
This deal has so many red flags I don’t know where to begin.
What do you think?