December 7, 2022

Jeff Bewkes Bio, Age, Wife(s), Salary, Career, Compensation, and AT&T.

Jeff Bewkes Biography

Jeff Bewkes is a media executive. He was CEO of Time Warner from January 1, 2008, to June 14, 2018, President from December 2005 to June 2018, Chairman of the Board from January 1, 2009, to 2018.

Jeff Bewkes Age

He was born Jeffrey Lawrence Bewkes on May 25, 1952, in Paterson, New Jersey. He is 62 years old as of 2021.

Jeff Bewkes Spouse(s)

He has been married thrice. In 1982, he married Susan Frank Kelley, a law firm partner specializing in trusts and estates. However,  they dissolved their marriage in 1993. His second wife was Margaret Lowry Brim, a former real estate broker with William B. May Company. He married her in 1994 and later divorced in 2014. Later, Jeff then married his third bride Lisa Carco in 2017.

Jeff Bewkes Salary

Time Warner chairman and CEO Jeff’s compensation rose to $48.99 million in 2017, compared with $32.6 million in 2016 and $31.5 million in 2015, according to a regulatory filing that was unveiled. He also made a base salary of $2 million, $7.75 million in stock awards. Again another $7.98 million in option awards.

Background and education

Bewkes was born to Marjorie Louise and Eugene Garrett Bewkes Jr. He is of Dutch and German ancestry, was raised in Darien, Connecticut, and is a graduate of Deerfield Academy. Furthermore, he graduated from Yale University with a bachelor’s degree in philosophy in 1974.

According to college friend Gary Lucas, a guitarist who went on to collaborate with avant-garde acts like Captain Beefheart, at Yale in the early 1970s he fell in with “lunatic fringe types and free thinkers”. Bill Moseley, another college friend who went on to a career in horror movies like Texas Chainsaw Massacre 2, stated, “I think of him as an artist first and foremost”.

Upon graduation, he “tried his hand at documentary work for NBC News” before going to Stanford University to earn his MBA. He sits on both his alma maters’ respective advisory boards. Moreover, after school, he worked at a Sonoma vineyard winery and then took a job in New York City as a commercial banker in Citibank’s shipping lending unit.

Jeff Bewkes photo

Career

After he left Citibank, he took a job at HBO then a small unit of Time Inc. He was asked to convincing hotels to subscribe to HBO and then the sales director responsible for the launch of Cinemax. Further, in 1986 he rose to become CFO and President and COO in 1991.

In 1995 he became CEO of HBO, in which capacity he tripled company profits. Also, he  “oversaw a fundamental shift in its content, away from just movies and fights and toward original shows like The Sopranos“.

Chairman of Time Warner’s entertainment

In 2002, he became chairman of Time Warner’s entertainment and networks group. From 2005 to December 2007, he served as the top subordinate to Time Warner Chairman and CEO Dick Parsons. In 2008, Bewkes was selected as Parsons’ successor, becoming CEO of Time Warner, and then Board Chair in 2009. 

Bewkes oversaw HBO, Turner Broadcasting System, Warner Bros, and New Line Cinema when he served as CEO of Time Warner. He also oversaw the company’s divestment from AOL, Time Inc., and Time Warner Cable. Besides, Jeff and CBS Corporation head Les Moonves helped broker the deal that joined the CBS-owned UPN with The WB to form The CW Network in January 2006.

On behalf of NYC Mayor Michael R. Bloomberg, he was one of the chairs of Media.NYC.2020, which reviewed the future of the global media industry, the implications for NYC. Hence suggested actionable next steps for the NYC government.

It was announced in October 2016, that AT&Twould acquire Time Warner in a deal worth $84.5 billion. In July 2017, Bewkes announced he would leave Time Warner on completion of that merger. However, in November 2017, the U.S. Justice Department filed a lawsuit to block the acquisition. Therefore, leaving Bewkes’ future with the company unknown, but the merger closed in 2018 after the company won in court and the acquired company now assumes the WarnerMedia name.

Jeff Bewkes Compensation

Time Warner chairman and CEO Jeff Bewkes’compensation amounted to $32.6 million in 2016, up 3.5 percent compared with $31.5 million in 2015, according to a regulatory filing. Bewkes last year made a base salary of $2 million, $7.75 million in stock awards, and another $7.98 million in option awards.

Jeff Bewkes At$T

After AT&T closed its $85.4 billion acquisition of Time Warner, the wireless giant immediately appointed John Stankey, a 30-year veteran of AT&T, to oversee the part of the business that includes CNN, HBO, and valuable film franchises such as “Harry Potter.”

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