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Comcast executives take a pass on pay raises

Tue, 02/17/2009 - 7:40am
Mike Robuck

Comcast CEO Brian Roberts and other top executives at the nation’s largest cable operator won’t be getting pay raises this year.

According to a Securities and Exchange Commission (SEC) filing on Friday, Chief Financial Officer Michael Angelakis, Chief Operating Officer Stephen Burke and Executive Vice President David Cohen are also forgoing raises in 2009.

Comcast also said in the same Securities and Exchange Commission filing that Roberts gave up the right for his estate to receive his base salary and bonuses for up to five years after his death.

Roberts also elected to relinquish his right to reimbursement and tax-related payments from the company in connection with the premiums for his term life and split-dollar life insurance polices, according to the filing.

More Broadband Direct 02/17/09:
•  After muddled process, some stations get ready to cut analog
•  Comcast Media Center bows bandwidth-planning tool
•  Comcast executives take a pass on pay raises
•  Verizon considers $5 phone plan
•  NRTC, NTCA offer rural telcos more HD channels
•  A-L program to foster innovative apps
•  Trilithic offers free training
•  Liberty Media deal staves off Sirius bankruptcy, Ergen bid
•  Mobile World Congress: What's MWC without iPhone?
•  Recession could lengthen twilight of dial-up
•  Broadband Briefs for 02/17/09

 

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