Cablevision CEO James Dolan Sees 2010 Compensation Decline
Chairman Charles Dolan also earned less, while COO Tom Rutledge's compensation rose.
NEW YORK - Cablevision Systems president and CEO James Dolan's 2010 compensation of $13.4 million was down from $17.1 million in 2009 as his salary was lowered and he didn't get a nearly $3 million stock options award that he received in 2009, the cable operator disclosed in a regulatory filing on Thursday.
In the filing, the company said it didn't issue stock options last year, and the 2010 bonus column for its top executives was also at zero - unlike in 2009.
Adding in $2.3 million in 2010 compensation from Madison Square Garden, which Cablevision spun off last year and for which Dolan serves as executive chairman, Dolan still saw his total compensation drop 8 percent.