Two Comcast Execs Paid $31 Million Each LA Times
A pair of top executives at NBC parent company Comcast each made about $31 million for 2013. The Los Angeles Times reports that Comcast Chief Executive Brian Roberts took home a 2013 compensation package valued at $31.4 million, while his lieutenant, NBCUniversal Chief Executive Steve Burke, received $31.1 million.
“Burke's compensation represented an 18% jump over his 2012 pay package of $26.3 million. Last summer Burke negotiated a new five-year employment contract with Comcast, a pact intended to keep him in charge of the media company through mid-2018,” the story notes.
Comcast’s stock has fallen about 10% since it announced a deal to acquire Time Warner Cable, the story notes. “Last year, Comcast revenue grew more than 3% to $64.7 billion, with the cable TV, high-speed Internet and phone service producing nearly $42 billion of that,” the piece reports.
The report adds: “Comcast calculates compensation for its top executives based on the company's performance and the business units that the executives oversee.”