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Time Warner CEO Bewkes sells 81 per cent of direct holdings
indiantelevision.com Team
MUMBAI: Last week US media conglomerate Time Warner CEO Jeffrey Bewkes sold most of his direct holdings. He has taken advantage of the shares? 25 per cent rise this year.
He sold 81 per cent of his direct holdings in the media company for $12.2 million.
He still owns 48,010 shares directly and 35,010 indirectly through an employee-benefit plan. Bewkes also has 3.79 million in stock options and 437,420 in restricted stock units.
