If you're feeling a little pinched on cash these days, you still might not want to sympathize with the owners of Cablevision, the giant Delaware-based cable TV provider owned by the Dolan family. We all know of Larry Dolan, the owner of the Cleveland Indians. But there are others in the family who did quite well for themselves last year at the top of the cable system's ownership pyramid while the stock was diving.
The New York Times reported on Sunday that although the company's shares fell to half of their previous value during an otherwise strong year for the market, two of the Dolan chieftains personally ended up far beyond the financial curve.
The Times noted that James Dolan, Cablevision's chief executive, "earned $16.9 million last year and his father, Charles, earned $16.6 million as chairman - an unusually high amount for a chairman who is not serving as chief executive".
Furthermore, the Times said, both men received twice as much as they did the previous year while the company's stock plunged to about $16 from more than $36. (A company source said that its sale of Madison Square Garden and AMC Networks could add maybe $16 dollars to the share price.)
I guess I should add a few other amenities for the Dolan brothers such as a full-time chauffeur and car, and access to a helicopter and jet for personal use.
For all that, you'd think they'd help out brother Larry and buy a team capable of finishing in the first division.
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Considering how short Americans' interest span tends to be, don't you think Marco Rubio is pushing his envelope too far in his four-year quest for the GOP presidential nomination in 2016? He's appearing more often on TV than the weather reporters with his advisories on how to guarantee clear skies ahead for the party. Nothing that he says these days is deeply engaging and grows even more boring as he robotically repeats his confusing message on immigration reform and such. Talk about overkill: On Sunday he turned up on seven (!) network news shows, including Univision and Telemundo. If nothing else, thanks to TV's desperation to lamely offer something politically new and lively, Rubio may replace John McCain as the Sunday morning news talkers' darling.