But as more details emerge about the proposed land grab, the clearer it becomes that this transaction takes corporate thievery to a new level.
I am referring to the nearly $80 million in compensation for Robert D. Marcus, who became CEO of Time Warner at the beginning of 2014. That's right. Regulatory filings released Thursday reveal that Marcus will collect almost $80 million for selling a company he ran for a whole six weeks.
Still, the effects of the deal on U.S. infrastructure are what should be our primary concern. If this transaction goes through, it will restrict access to the Internet for consumers and small businesses, prevent important upgrades to our wireless connections and increase costs to consumers.
The U.S. is falling behind the rest of the world in providing high-speed low cost broadband service to businesses and consumers and the Comcast Time Warner deal would only slow things down further.
As Harvard Professor and former Obama adviser Susan Crawford argues, if Comcast gets its acquisition approved, it
will be serving the interests of its shareholders by keeping investments in its network as low as possible -- in particular, making no move to provide the world-class fiber-optic connections that are now standard and cheap in other countries -- and extracting as much rent as it can, in all kinds of ways. Comcast, for purposes of today's public , is calling itself a "cable company." It no longer is. Comcast sells infrastructure subject to neither competition nor a cop on the beat.