Tom Rutledge

Cablevision’s Stock Swoons on Rutledge Departure

The sudden resignation this week of Cablevision chief operating officer Tom Rutledge has taken a big bite out of the cable operator’s wallet.Shares of Cablevision on Friday morning plummeted 16 percent as investors pondered a future without Rutledge, a seasoned veteran who many observers believe is the most savvy executive in the cable business.