- Time Warner Telecom Inc.’s SVP and CFO Davd J. Rayner received nearly $3 million in options last year, according to the company’s recently released proxy.
AOL Time Warner owns 60.7 percent of the Littleton, Colo.-based provider of high-speed Internet services.
In 2000, Rayner received $209,615 in salary, $220,371 in bonus, and $8,500 in other compensation that included contributions made by the company to its defined contribution 401(k) plan. He also exercised $2,934,910, which brought his total compensation to $3,373,396.
In 1999, Rayner took home $361,024 in total compensation. He received $220,371 in salary, $132,653 in bonus, and $8,000 in other compensation that included contributions made by the company to its defined contribution 401(k) plan.
Rayner has served as SVP and CFO of Time Warner Telecom since June 1998. From February 1997 to May 1998, he was VP of finance and from May 1994 to February 1997 he was controller. From 1982 to 1994, Rayner held various financial and operational management positions with Time Warner Cable.
In 2000, the company earned $1.2 million, reversing a loss of $89.3 million from 1999. The company’s revenue increased 81 percent to $487.3 million in 2000 from $268.8 million in 1999.