Adelphia Communications President and COO Ronald Cooper has resigned, which was expected after the sale of the company’s cable systems to Comcast and Time Warner.
U.S. Bankruptcy Judge Robert Gerber recently approved a $10.2 million bonus payment to Cooper for his involvement in closing the sale, according to an AP report. The cable provider has been in Chapter 11 since June 2002.
Prior to joining Adelphia, Cooper was COO of AT&T Broadband from October 2001 to November 2002.