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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsComcast slashes executive compensation
Don't you feel so sorry for them?
Comcast (Nasdaq: CMCSA) reduced compensation for its three top executives in 2011, with CEO Brian Roberts seeing his total compensation drop 13.3 percent to $26.9 million, according to a Securities and Exchange Commission filing.
NBCUniversal CEO Steve Burke received $23.7 million in total compensation, down 32 percent, while Comcast CFO Michael Angelalkis saw his total compensation, including salary, stock and option awards, decrease 4.4 percent to $21.9 million.
Neil Smit, who was promoted to CEO of Comcast Cable last fall, received $18.5 million in total compensation, including a salary of $1.5 million, Comcast said. The MSO didn't disclose Smit's compensation for previous years.
EVP David Cohen was the only executive officer to see an increase in his total compensation, receiving $16.1 million in 2011, up 19 percent compared to the $12.7 million in total compensation he received in 2010. Cohen is Comcast's top lobbyist, and helped the MSO win approval for the NBCUniversal merger and represented Comcast recently at a Senate antitrust subcommittee hearing about its spectrum and marketing agreements with Verizon Wireless.
http://www.fiercecable.com/story/comcast-slashes-executive-compensation/2012-04-23#ixzz1suQReOAk
mike_c
(36,281 posts)It's hard to think of $27 million as having been "slashed," for pete's sake.
Politicalboi
(15,189 posts)How will they buy another yacht this summer. How embarrassing to show up in last years yacht. When will the madness end?
tularetom
(23,664 posts)Of course it won't benefit their customers, only their shareholders.
But it is at least a first step toward paying these leeches what they're worth. Even though it'll take a lot more cuts, and bigger ones, to even approach paying them what they're worth.
doc03
(35,344 posts)doc03
(35,344 posts)new channel or two when they raised their rates. I got a notice the other day they were going up another $5 a month
they didn't offer anything this time.
DJ13
(23,671 posts)The same programming we used to pay $95 for four years ago (cable w Starz/internet) now costs over $125.
If the satellite providers had a comparable service to Comcast's "On Demand", and had the ability to offer lower cost internet we would switch in a heartbeat because that $125 per mo is starting to hurt.