Time Warner CEO Jeff Bewkes’ Pay Dips to $31.5 Million in 2015

Company’s top executive, who is also chairman of the board, made $32.9 million last year

BEVERLY HILLS, CA - OCTOBER 06: Time Warner Inc. Chairman and CEO Jeffrey Bewkes speaks onstage during day one of TheWrap TheGrill 2014 at Montage Beverly Hills on October 6, 2014 in Beverly Hills, California. (Photo by David Buchan/Getty Images)

Jeff Bewkes earned $31.5 million in 2015, down four percent from his $32.9 million take in 2014.

The Time Warner Inc. chairman and chief executive officer’s salary stayed stagnant year over year, at $2 million annually. His stock awards totaled $7.9 million last year, and his options hit an even $8 million. The first was down a bit, while the latter was up a hair.

Bewkes’ non-equity incentive plan compensation clocked in at $13.4 million, down more than a million bucks from the prior year. A $245,000 decrease in pension value made up the rest of the decline.

And Bewkes can expect to make big bucks for a while longer: In January, the exec extended his Time Warner contract out three more years.

Time Warner will report its first-quarter 2016 earnings on Wednesday morning. We’ll find out then if the boss is still earning his keep beyond 2015.