Comcast slashes executive compensation

[Yo_Mama_Been_Loggin]

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]

1. won't someone please think of the rich executives....

It's hard to think of $27 million as having been "slashed," for pete's sake.

[Politicalboi]

2. How will they create jobs?

How will they buy another yacht this summer. How embarrassing to show up in last years yacht. When will the madness end?

[tularetom]

3. For the first time in many years Comcast does the right thing

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]

4. Now if they would cut their f---g cable rates n/t

[DJ13]

5. +1

[doc03]

6. They used to at least toss us a bone and give us a

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]

7. Yeah, the last few years its a constant creep in rates with no added programs

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.