Three top executives of Optimum Communications Inc. — previously known as Altice USA — will split nearly $2 million in special cash bonuses to reward their contributions to the telecommunications company’s capital raising efforts. The award comes days after Optimum sued its largest creditors for allegedly blocking it access to credit markets.
Chairman and Chief Executive Officer Dennis Mathew will receive $750,000, Chief Financial Officer Marc Sirota and General Counsel and Chief Corporate Responsibility Officer Michael Olsen each will get $600,000 to reward them for their “extraordinary contributions related to capital raising activities”, the company said in a filing late ...
