Brian Roberts Agrees To Run Comcast For Another Year
Comcast’s Brian Roberts Made $31.4M In 2013, +7.7%
Is anyone surprised? The Comcast CEO controls a third of the voting shares in the company that his father created, and that he has led for more than a decade. Still the company says in an SEC filing that it formally agreed to add a year on to the contract that expired on June 30 — making this the second consecutive one-year contract extension to the deal that took effect in 2005. There are no other changes. Last year his compensation package came to $29.1M, and the yearly take has averaged $28.1M over the last five years. Comcast shares have appreciated 40.7% over the last 12 months, and in March the company solidified its control over NBCUniversal by paying General Electric $16.7B for its 49% stake. To keep shareholders happy, it also agreed to raise its dividend by 20% and repurchase $2B of its shares this year.