Time Inc Filing Reveals Compensation for Top Execs

WWD: Time Inc. has revealed total compensation of its top execs in a filing with the Securities and Exchange Commission. CEO Joe Ripp saw his total compensation shrink 35.5 percent to $5.8 million, due mainly to a 68.1 percent reduction in stock and options awards, which totaled $2.4 million. Ripp’s base salary grew 230 percent, to $1 million, and his bonus expanded 22.2 percent to $1.1 million. Ripp’s salary and the salaries of execs Norman Pearlstine and Jeffrey Bairstow appear to be inflated since they joined the company in fall 2013.