How much do you think Time Warner's top lawyer makes?

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How much do you think Time Warner's top lawyer makes?

Fri Sep 03, 2010 @ 03:18PM PST

By Matthew Belloni

Cappuccio,paul If you guessed $1.25 million a year, plus $2.5 million in bonus if things go well, you'd be right. 

Time Warner's executive vp and general counsel Paul Cappaccio (left, with judge Alex Kosinski) just reupped his contract until 2013 and, according to an SEC filing we tracked down, he's getting a bump from the $1 million salary he's been making since 2004.  

Not a bad gig. The man in the top legal job at Time Warner ranks third on the list of highest-paid general counsels, according to law.com. Cappaccio, a Harvard Law grad who clerked for two Supreme Court justices (Scalia and Kennedy, plus Kosinski on the Ninth Circuit) and was formerly general counsel at AOL, makes more than his Top 10 counterparts at Disney, Viacom and CBS, according to the survey.

But we're sad to report that, according to the filing, Cappaccio's new deal "eliminates the right to receive office space, secretarial services and other support facilities and services" if he is fired without cause." Oh well.   

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The Hollywood Reporter, Esq. blog focuses on how the entertainment and media industries are impacted and influenced by the law. It is edited by Matthew Belloni with contributions from veteran legal reporter Eriq Gardner and others. Before joining The Hollywood Reporter, Belloni was a lawyer at an entertainment litigation firm in Los Angeles. He writes a column for THR devoted to entertainment law. Gardner is a New York-based writer and legal journalist. Send tips or comments to Matthew.Belloni@thr.com

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