Top Comcast and NBCUniversal Execs Get Raises LA Times
Comcast Corp. Chief Executive Brian Roberts and Steve Burke, the CEO of NBCUniversal, received salary increases in 2012, the Los Angeles Times reports.
Citing a regulatory filing Friday, the Times reports that Roberts earned $29 million in compensation last year, a jump of 8% from 2011. Burke saw a bigger increase in compensation -- 11.3%, bringing his total to $26.3 million last year, the story says.
"Burke has been busy putting out brush fires throughout NBC. He jetted from New York to Los Angeles on Palm Sunday to work out a transition plan with NBC's "Tonight Show" host Jay Leno, who will surrender his job and the late-night crown next February to Jimmy Fallon," the piece notes.
"Comcast assumed 100% control of NBCUniversal last month. Last year, Comcast controlled 51% of the media company but General Electric agreed to sell out its 49% stake during the last fiscal quarter, several years earlier than originally planned."
2012 was a good financial year for Comcast, with revenue up 12% and operating income boosted by 14%, the piece notes. Its stock price jumped 61% in 2012.