Cablevision boss Dolan gets million dollar raise, takes in $24.6M in 2015

Cablevision (NYSE: CVC) CEO James Dolan pocketed $24.6 million in executive compensation in 2015, up from $23.7 million in 2014, according to documents filed with the Securities Exchange Commission. 

Dolan's base salary remained at $2 million, with most of his compensation coming through option awards and a non-equity incentive plan. 

Dolan's father Charles, the founder of Cablevision who still serves as chairman, saw his pay increase last year from $15.3 million to $18.3 million. 

Cablevision made what was likely its last annual report filling to the SEC, with Europe's Altice NV set to take over the cable company, pending regulatory approval.

James Dolan's 2014 compensation ranked third in the cable industry, behind Time Warner Cable CEO Rob Marcus ($34.6 million) and Comcast (NASDAQ: CMCSA) chief exec Brian Roberts ($32.6 million)

TWC (NYSE: TWC) hasn't reported salary figures for Marcus yet. Comcast has reported its salaries to the SEC, but the number in the cable biz to beat so far isn't Roberts; it's Comcast's CFO Michael Cavanaugh, who took in a reported $40.6 million last year. 

For more:
- read this Wall Street Journal story
- read this Cablevision SEC filing

Related articles:
Comcast CFO Cavanagh made $40.6M in 2015, more than Roberts or Burke
Charter's Rutledge gets a 1.6% raise to $16.4M
The 8 highest paid CEOs in pay-TV in 2014
Altice's plan for trimming $900M from Cablevision? Get rid of the Dolans

Suggested Articles

Comcast is launching new controls for its X1 television service that will allow people with certain disabilities to operate their cable TV systems using their…

The service, which is owned by Viacom, said it launched today on X1. It was already available on Xfinity Flex, a streaming video platform service Comcast…

The reaggregation of video services (or Pay TV 3.0) has become a common consumer demand. But it won’t be easy to bring everyone back under one roof.