iWorld
After megamerger with AT&T, five Time Warner executives set for $180 million payout
MUMBAI: Patience, they say, is a virtue. And sometimes, patience pays . Just ask Time Warner’s top five executives who will will walk away with combined exit packages worth $180 million after their company’s merger with AT&T was approved by a federal court. The $85 billion deal between the two giant corportations has been two years in the making.
Among those who hit pay dirt, CEO Jeffrey Bewkes top the list. He will collect close to $97.7 million, according to a report on CNN money. Bewkes received a retention bonus in stock in February 2017. Based on Tuesday’s closing price, he will get shares worth $28 million as part of that bonus. Other than that, the 66-year-old will take home $33.2 million in severance.
Chief financial officer Howard Averill’s exit package is worth about $32.3 million, while Paul Cappuccio, the company’s general counsel, will get $26.7 million. Executive vice president of marketing and communications Gary Ginsberg is due $12.2 million, while Carol Melton, executive vice president of global public policy, will get an estimated $11 million.
When the deal between AT&T (T) and Time Warner (TWX) deal was first announced in 2016, Bewkes and the other top executives were each granted retention bonuses. For companies involved in a merger, handing retention bonuses and severance packages to top executives is standard procedure.
However, it must be noted that these executive payouts are tied to the company’s performance and depend on when these individials leave the organization. The executives who decide to stay put in the the merged company won’t be given a severance check.
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eNews
Piyush Thakur steps down as Inshorts’ chief revenue officer
Former vice president and cro says exit marks a new chapter after close to a decade of building revenue and partnerships at Inshorts Group.
NOIDA: Piyush Thakur has stepped away from Inshorts Group after nearly 10 years with the company, marking the end of a long tenure that culminated in his role as chief revenue officer.
In a farewell note, Thakur said he was “turning a new page” after almost a decade at Inshorts, calling it one of the hardest professional decisions he has made. He added that his exit was not driven by uncertainty about the future, but by reflection on a long association with the company.
Thakur joined Inshorts in October 2016 as vice president and spent around seven years in the role before being elevated to chief revenue officer in April 2024, a position he held until April 2026.
He said his tenure was defined by “thousands of mornings, late nights, product debates and breakthrough moments”, as the company evolved into a large-scale digital news platform used by millions.
In his note, Thakur emphasised that Inshorts’ growth was a collective effort across teams, adding that engineers, designers, sales teams and customer support staff all contributed to building the platform. He said the company’s success was not the result of individuals but of “everyone who stayed, passed through, and left their mark”.
Before Inshorts, Thakur worked across several digital media and business development roles. At ESPN, he served as senior regional manager from October 2015 to October 2016, focusing on growth initiatives, strategic opportunities and video distribution.
At Times Internet, he worked for nearly three years, including as head of business development from April 2015 to September 2015 and chief manager from January 2013 to March 2015. His responsibilities included monetisation of mobile platforms, managing media and developer partnerships, and driving revenue across digital properties such as The Times of India and The Economic Times.
Earlier, he worked at Brandmovers as head of business development from June 2012 to June 2013, handling digital, mobile and social media marketing solutions, client development and strategic consulting. During this period, he also worked on advertising revenue, brand strategy and CRM-based solutions.
At Inshorts, Thakur’s role focused on revenue strategy, mobile and media partnerships, and growth initiatives across platforms. His profile highlights experience in mobile product management, digital business models, partner ecosystems and revenue expansion in high-growth environments.
