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Cablevision's Former COO Was Paid $23.19 Million For 2011

By William Launder Of DOW JONES NEWSWIRES NEW YORK (DOW JONES)--The former chief operating officer of Cablevision Systems Corp. (CVC), Tom Rutledge, received total compensation for 2011 valued at $23.19 million, more than twice that of his boss and ranking him as one of the cable industry's best-paid executives. Rutledge resigned abruptly from Cablevision last year to become chief executive of Charter Communications Inc. (CHTR), part of a broader management shakeup at Cablevision that has sparked concerns about the cable operator's leadership. The Bethpage, N.Y., company shed more than $500 million in market value in the minutes after Rutledge's departure was disclosed in December. Shares are down 43% over the last 12 months. Rutledge's 2011 total compensation included more than $12 million in retirement benefits, after netting out forfeited stock awards, based on terms of an employment contract he negotiated several years earlier. For 2010, Rutledge received total compensation valued at $28.22 million. Elsewhere within Cablevision, Chief Executive Jim Dolan received total compensation for 2011 valued at $11.45 million, down from $13.44 million a year earlier. Chairman Charles Dolan received $10.97 million for the year, down from a total package valued at $13.77 million for 2010. Earlier this week, industry peer Time Warner Cable Inc. (TWC) said CEO Glenn Britt received total compensation for 2011 valued at $16.43 million, down around 6% from a year earlier. -By William Launder, Dow Jones Newswires; 212-416-3412;

Stock News for Cablevision System (CVC)
10/02/201516:28:03Amended Statement of Beneficial Ownership (sc 13d/a)
10/02/201516:03:24Current Report Filing (8-k)
10/02/201514:31:49Amended Statement of Beneficial Ownership (sc 13d/a)
10/01/201510:30:00Altice Shares Fall on Higher Debt Costs
09/28/201511:53:00SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation...
09/25/201517:04:03Annual Statement of Changes in Beneficial Ownership (5)
09/24/201516:49:58Current Report Filing (8-k)
09/22/201507:55:00Lifshitz & Miller Law Firm Announces Investigation of Adept Technology...
09/21/201516:38:00Morgan & Morgan Announces the Investigation of the Fairness of...
09/21/201513:57:00TV Distributor Consolidation Complicates Fee Talks -- Market...
09/21/201513:37:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
09/21/201509:05:00Equities Coverage on the Services Sector - eBay Inc., Cablevision...
09/19/201514:14:00SHAREHOLDER ALERT: Brower Piven Commences an Investigation into...
09/18/201508:20:00Dolans Cash Out of Cablevision
09/17/201516:34:35Statement of Changes in Beneficial Ownership (4)
09/17/201516:32:51Initial Statement of Beneficial Ownership (3)
09/17/201516:31:34Initial Statement of Beneficial Ownership (3)
09/17/201514:03:00Robbins Arroyo LLP: Acquisition of Cablevision Systems Corporation...
09/17/201512:50:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...

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