Time Warner Cable CEO to get $80M in golden parachute

Time Warner Cable Chief Executive Rob Marcus stands to make about $80 million if Comcast's deal to buy Time Warner Cable closes, according to a regulatory filing on Thursday.

Fox News reports the figure includes $20 million in cash, $56.5 million in equity and a $2.5 million bonus if certain targets are hit.

While striking for a CEO who has been in the top job for barely three months, his "golden parachute" is nothing new in the rough and tumble of big corporations, where well timed deals or even firings often bring big payouts for the executives involved, according to Fox News.

Read more from Fox News.[[In-content Ad]]