Adelphia Communications said in a regulatory filing Wednesday that Ron Cooper has formally resigned from his posts of president and chief operating officer for "good reason." At the close of the sale of the bankrupt cable operators' systems to Comcast Corp. and Time Warner Cable a few weeks ago, which Cooper helped prepare, company officials had already said that the day-to-day operator would leave the firm. Under his employment contract, Cooper is entitled to a lump sum payment worth three times his base salary and target bonus, or $5.1 million.
- 8/23/2006
- The Hollywood Reporter - Movie News
Adelphia Communications said in a regulatory filing Wednesday that Ron Cooper has formally resigned from his posts of president and chief operating officer for "good reason." At the close of the sale of the bankrupt cable operators' systems to Comcast Corp. and Time Warner Cable a few weeks ago, which Cooper helped prepare, company officials had already said that the day-to-day operator would leave the firm. Under his employment contract, Cooper is entitled to a lump sum payment worth three times his base salary and target bonus, or $5.1 million.
- 8/23/2006
- The Hollywood Reporter - Movie News
NEW YORK -- While Adelphia Communications was busy filing its reorganization plan in bankruptcy court Wednesday, the cable company has quietly but consistently worked to address its business challenges, driven by a management team that is no stranger to turnarounds. And while it may be too early to pass final judgment given that Adelphia has only filed monthly operating reports in bankruptcy, industry observers say management seems to have stabilized operations. Adelphia chairman and CEO Bill Schleyer and president and chief operating officer Ron Cooper were brought in about a year ago to help resuscitate the embattled company. The duo already had shown its turnaround skills when it improved operations at AT&T Broadband and dressed up the company for a later sale to Comcast Corp.
- 2/25/2004
- The Hollywood Reporter - Movie News
NEW YORK -- A New York bankruptcy court judge on Tuesday approved with a minor modification cable operator Adelphia Communications' proposed compensation packages for its two new top executives after a weeklong court showdown. The approval makes official the mid-January appointments of Bill Schleyer as chairman and CEO and Ron Cooper as president and chief operating officer. The two have been serving as nonofficer employees of Adelphia for the past several weeks. In the one change to the contracts, Schleyer now will not be able to quit his executive functions and receive $7.65 million in payments for that move.
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