Time Warner CEO Jeffrey Bewkes' Pay Virtually Unchanged at $32.9 Million in 2014

He had made $32.5 million in 2013, making for a 1.2 percent gain for the latest year.

Time Warner CEO Jeffrey Bewkes' compensation amounted to $32.9 million in 2014, compared with $32.5 million in 2013. That marked a gain of 1.2 percent.

The company disclosed its executive compensation in a regulatory filing late on Friday.

In 2012, Bewkes had been paid $25.9 million.

His salary and bonus have remained unchanged in recent years. The majority of his compensation is based on the company's financial and stock performance. The filing noted that Time Warner exceeded its financial targets for 2014.

The entertainment conglomerate's adjusted earnings per share rose 18 percent last year. That marked the sixth consecutive year of at least high teens percentage growth.

The performance came amid such events as the Time Inc. spin-off in June 2014, an unsolicited takeover bid by 21st Century Fox and despite a changing industry landscape.

Bewkes' pay comes in below those of industry peers, such as CBS Corp. CEO Leslie Moonves, Viacom CEO Philippe Dauman, Walt Disney CEO Robert Iger and just below NBCUniversal CEO Steve Burke. Comcast chairman and CEO Brian Roberts also made nearly $33 million in 2014.

Also disclosed on Friday was the compensation of other top executives. Howard Averill, who was made CFO on Jan. 1, 2014, made $8.2 million during that year.

Executive vp and general counsel Paul Cappuccio was paid $8.7 million, up from $7.8 million a year before.

Gary Ginsberg, executive vp, corporate marketing and communications, made $4.3 million, up from $4.1 million. Olaf Olafsson, executive vp, international and corporate strategy, was also paid $4.3 million, up from $4.1 million.

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