Time Warner CEO Jeff Bewkes Made $31.5 Million in 2015

Jeffrey Bewkes - H 2015
Francois G. Durand/Getty Images

He had made $32.9 million in 2014.

Time Warner chairman and CEO Jeff Bewkes' compensation amounted to $31.5 million in 2015, compared with $32.9 million in 2014, according to a regulatory filing on Friday.

Bewkes had made $32.5 million in 2013 and $25.9 million in 2012.

The majority of his compensation has been based on the company's financial and stock performance, though in calendar 2015 TW shares fell 23 percent.

Bewkes' compensation has typically come in below those of such highly paid industry peers as CBS Corp. CEO Leslie Moonves and Viacom CEO Philippe Dauman.

Bewkes has served as CEO since 2008 and chairman since 2009 and has been with the company for more than 20 years.

Earlier this year, he received a three-year contract extension that will see him staying at TW until 2020.

Bewkes' 2015 compensation was made up of a $2 million salary, plus he got $7.9 million in stock awards, $8 million in option awards and $13.4 million via a non-equity incentive plan.

Howard Averill, the CFO, was paid $10.8 million in 2015, up from $8.2 million a year earlier.

General counsel Paul Cappuccio made $9.5 million, up from $8.7 million.

Gary Ginsberg, executive vp, corporate marketing and communications, made $5.2 million, up from $4.3 million.

Olaf Olafsson, executive vp, international and corporate strategy, was paid $5.3 million, up from $4.3 million.