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William R. Johnson

Time Warner CEO to Get $80M in Golden Parachute

Time Warner Cable (NYSE:TWC) Chief Executive Rob Marcus stands to make about $80 million if Comcast's deal to buy Time Warner Cable closes, according to a regulatory filing on Thursday.Marcus will receive about $20 million in cash, a $2.5 million bonus if certain targets are hit and $56.5 million in equity.Comcast Corp has agreed to buy the No. 2 cable provider in the United States for $45 billion.While striking for a CEO who has been in the top job for barely three months, his "golden parachute" is nothing new in the rough and tumble of big corporations, where well timed deals or even firings often bring big payouts for the executives involved.H.J. Heinz CEO William Johnson, for example, was set to reap about $56 million in last March after the ketchup maker's acquisition by Berkshire Hathaway and 3G Capital.In another instance, Nokia CEO Stephen Elop received an 18.8 million euro ($25.5 million) termination payment after he negotiated the sale of its handset business to Microsoft Cor...

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  1. Heinz CEO Johnson's Stock Worth $100 Million in Sale to Buffett, 3G

    H.J. Heinz Co. (HNZ) Chairman and Chief Executive William Johnson's stake in the ketchup maker is worth nearly $100 million with the pending sale to Warren Buffett's...

  2. Heinz Deal Warms Food Stocks

    Food stocks notched multiyear highs Thursday as the takeover of H.J. Heinz Co. (HNZ) raised hopes for more consolidation in the grocery aisle.Campbell Soup Co. (CPB)...

  3. Heinz CEO says no talk yet on management changes

    H.J. Heinz Co Chief Executive Bill Johnson said the ketchup company has not yet discussed management changes or cost cuts with 3G Capital and Berkshire Hathaway, the...

  4. 3G says too early to talk about Heinz cost cuts

    It is too early to talk about significant cost cutting at H.J. Heinz Co following its acquisition by Berkshire Hathaway Inc and 3G Capital, one of the principals of ...

  5. Berkshire, 3G To Buy Heinz for $23 Billion

    H.J. Heinz Co. (HNZ) agreed to be acquired by Berkshire Hathaway Inc. (BRKA, BRKB) and 3G Capital for more than $23 billion.Under the terms of the deal, which has be...

  6. Berkshire Hathaway, 3G to Buy Heinz for $28B

    In the largest food acquisition on record, Warren Buffett's Berkshire Hathaway and 3G Capital surprised Wall Street on Thursday by shelling out $28 billion to acquir...

  7. Heinz to Take 3rd-Quarter Charge From Higher Foodstar Earnout Payment

    H.J. Heinz Co. (HNZ) said an early earnout payment of $60 million made in connection with its 2010 acquisition of soy-sauce maker Foodstar will hurt its fiscal third...

  8. Heinz 2nd-Quarter Net Up 22% on Emerging Markets, Tax Rate

    H.J. Heinz Co.'s (HNZ) fiscal second-quarter earnings jumped 22% as the company continued to get outsized sales growth in emerging markets and benefited from a subst...

  9. Heinz 1Q Profit Rises, But Shares Slip

    H.J. Heinz (NYSE:HNZ) on Wednesday posted first-quarter earnings that topped the Street's view, a day after the company's CEO offered a glimpse of the quarterly resu...

  10. Heinz 1st-Quarter Profit Rises 14% on Improved Margins, Lower Costs

    H.J. Heinz Co.'s (HNZ) fiscal first-quarter earnings rose 14% as the company benefited from reduced overhead expenses, improved margins and a lower effective tax rat...

  11. Heinz CEO Touts Strong 1Q, Expects EPS to Top Street

    Led by growth in emerging markets that has helped offset high commodity costs, Ketchup maker H.J. Heinz (NYSE:HNZ) expects to report better-than-expected first-quart...

  12. Heinz Sees Profit Above Consensus on Overseas Sales

    H.J. Heinz Co. (HNZ) expects to exceed fiscal first-quarter consensus estimates, thanks to growth in emerging markets, improved productivity, higher margins and a fa...

  1. Burger King CEO Hees to Lead Heinz Once Deal Closes

    Brazilian private-equity firm 3G Capital is sliding the chief executive of Burger King Worldwide Inc. (BKW), which it currently controls, into the same role at H.J. ...

  2. Heinz Crowns Burger King's Hees as Next CEO

    H.J. Heinz (NYSE:HNZ) tapped Burger King (NYSE:BKW) CEO Bernardo Hees on Thursday to become the next chief of the iconic ketchup maker once its $28 billion takeover ...

  3. Heinz Sets Shareholder Vote on $28B Buyout

    H.J. Heinz (NYSE:HNZ) announced plans on Wednesday to hold a special shareholder meeting on April 30 to allow investors a chance to vote on the iconic ketchup maker'...

  4. Heinz Heads in Europe, North America Swap Roles

    The heads of H.J. Heinz Co.'s (HNZ) businesses on either side of the Atlantic will swap jobs, with David Moran moving to the U.S. to head Heinz's North American busi...

  5. H.J. Heinz CEO Lands $200M Golden Parachute

    In one of the most lucrative golden parachute packages on record, H.J. Heinz (NYSE:HNZ) CEO William Johnson could emerge from his company's $28 billion buyout more t...

  6. Heinz deal a "call to action" for Campbell Soup

    The planned $23 billion acquisition of H.J. Heinz Co by Berkshire Hathaway Inc and 3G Capital is leading rival Campbell Soup Co to take a closer look at its own cost...

  7. Burger King's Brazilian owner at heart of all-American Heinz deal

    At the heart of the $23 billion buyout of iconic American company H.J. Heinz Co is a low profile Brazilian group founded by a banker-turned-beer magnate.3G Capital, ...

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