Comcast Execs Get Whacked with Lower Pay

Comcast Corp. Chief Executive Brian Roberts received a significant pay cut last year, although his total compensation package was probably more generous than yours.

Roberts took home total compensation of $26.9 million, including a $2.8 million salary. That’s down from compensation of roughly $31 million in 2010, Comcast revealed in a regulatory filing with the Securities and Exchange Commission.

Stephen Burke, executive vice president of Comcast and chief executive of NBCUniversal, got whacked even harder than Roberts last year. His total compensation was reduced to $23.7, down from $34.7 million in 2010. Michael Angelakis, the vice chairman and CFO of Comcast, received roughly a $1 million less in total compensation in 2011 ($21.9 million) than in the previous year.

Not all the top dogs at the nation’s largest cable company saw their pay decrease. David Cohen, the EVP of Comcast, received total compensation of $15.1 million, and that’s up from $12.7 million in 2010.

Philadelphia-based Comcast disclosed that its top executives have requested that the company not give them an increase in their annual base salary through Feb. 28, 2013. Comcast said that means those executives will have received a four-year freeze in their base salary because they previously requested no increases from the period from Jan. 1-Feb. 29, 2012.

Comcast also revealed that its EVP and chief executive of Comcast Cable Communications, Neil Smit, brought home $18.5 million last year in total compensation. He joined Comcast in March 2010 from Charter Communications where he served as CEO and director since 2005.

Leave a comment

Your email address will not be published. Required fields are marked *

The ID is: 84671