Time Warner Cable chief in line for severance worth nearly $80M

Time Warner Cable CEO Rob Marcus, who took the reins of the company just a few months ago, is set to receive a severance package of cash, stock and benefits worth $79.9 million if the company's merger with Comcast is completed. Marcus' package calls for him to be paid $56.5 million in restricted stock units and unvested options and $20.5 million in cash, as well as a $2.5 million bonus if Time Warner Cable meets certain benchmarks during the merger process, according to a filing.

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