Comcast's Angelakis signs new contract, adds vice chairman title
Yesterday, Comcast chief financial officer Michael Angelakis signed a new agreement that will keep him in Comcast's employ until June 30, 2016.
With the new agreement, Angelakis' other title at Comcast changed from executive vice president to vice chairman. According to Comcast's filing with the Securities and Exchange Commission, Angelakis' base salary stayed the same as his 2008 agreement.
According to Bloomberg.com, Angelakis' base salary is $1,682,448, with a bonus of $1,500,000. His total calculated compensation is $22,910,042.
With the new agreement, Angelakis is in line to receive two cash signing bonuses, each $2,125,000, payable "as soon as practicable" following the effective date of the agreement, which was yesterday, and Jan. 1, 2012.
Angelakis joined Comcast in 2007.