More bucks for TW's Bewkes in '08


Time Warner chairman and CEO Jeffrey Bewkes' total compensation grew slightly in 2008, according to a regulatory filing Wednesday.

TW's compensation package for Bewkes amounted to about $19.9 million overall. The figure includes a base salary of $1.75 million, stock awards of $2.1 million, option awards of $8.1 million and incentive compensation of $7.6 million.

A year earlier, when he served as president of the conglomerate, Bewkes received $19.6 million in total compensation.

Richard Parsons, who served as TW's chairman until the end of 2008, received a $10.4 million compensation package last year, according to the filing.

In the filing, the so-called proxy statement, TW said it will hold its annual shareholder meeting May 28 at the Time Warner Center, its Manhattan headquarters.

Among shareholder proposals to be voted on at the meeting is one that would give shareholders the opportunity at each annual meeting to vote in a nonbinding way on the compensation of certain TW officers.