CFO Competitive Intelligence Monitor — Part 2

In the second part of the two part series of the CFO Competitive Intelligence Monitor, we explore different models of identifying and selecting the right CFOs during Mergers, Acquisitions and Divestitures. We also take a sneak peek at the executive compensation pay levels of a representative sample of CFOs.

Comcast — Charter Spinoff — CFO Hire

The Deal — $1.5 Billion in Operating Efficiencies

• On April 28, 2014, Comcast and Charter announced that, assuming Comcast’s merger with Time Warner Cable was successful, Charter would acquire 1.4 million Comcast/Time Warner Cable customers for cash, bringing Charter’s subscriber total to 30 million and making Charter, by its own count, the second-largest cable operator in the country.
• Comcast will form and spin off to its shareholders a new, independent, publicly-traded company that will operate systems serving approximately 2.5 million existing Comcast customers.
• Comcast shareholders, including the former Time Warner Cable shareholders, are expected to own approximately 67 percent of SpinCo, while New Charter is expected to directly own approximately 33 percent of SpinCo.
• SpinCo expects to incur leverage of approximately 5 times estimated…