Time Inc Subsidizes CEO’s Flying Hobby as Stock Plunges

New York Post: Time Inc. CEO Joe Ripp, after a 2015 that saw his company’s stock tumble 37 percent, had his bonus last year slashed 55.5 percent — although he made most of it back in additional stock and option awards, a regulatory filing on Friday revealed. The 64-year-old CEO, a licensed pilot, also pocketed $125,187 related to the use of his private plane for non-business trips.