Comcast CEO Brian Roberts, President Mike Cavanagh Annual Pay Dips By 5%

Comcast CEO Brian Roberts, President Mike Cavanagh Annual Pay Dips By 5%

Business


Comocast Brian Roberts and President Mike Kavanag saw their total compensation in 2024.

The annual agent of the company submitted to SEC on Friday morning, Roberts, showed $ 33.9 million, a decrease of 35.5 million dollars in 2023.

Cavana turned 28.3 million dollars from $ 29.6 million.

The declines were approximately 5 %.

Meanwhile, the CFO Jason Armstrong payment package increased to $ 15.1 million from $ 11.6 million.

Along with the compensation numbers, the agent statement said that the annual shareholders meeting in Kumkast will be held on June 18.

The “agent season” concludes, where companies are obligated to disclose executive compensation and shareholders ’meeting plans by April 30.

Cavanag was upgraded to the president's role in 2022, to become the third executive director of COMCAST more than five decades of his presence. He is now chairing profit calls and plays a great authority on Komca. Roberts is still the CEO. He took the company's head from his father, Ralph Roberts, who founded it and was the pioneers of the early cable TV.

In a letter to the shareholders listed in the agent, Roberts and independent director Edward Brain said that the year 2024 was a record year for COMCAST.

“Despite the rapid change and intensive competition,” they wrote, “Our continuous financial performance and a strong public budget is a testimony of the power of the six growth companies – residential, wireless, commercial services, entertainment gardens, broadcasting and studios – which together constitute approximately 60 percent of our revenues.”

Among a handful of the shareholders ’proposals to vote at the shareholders meeting will require the complex salary compass and reduce the contrast between compensation for senior executives and ordinary workers' dates. “Executive compensation in America is not sustainable for the economy,” the proposal is partially said. Aristotle has proven that in a stable community (Polis), the percentage of the lands of the wealthy citizen to the poor citizen’s land should not exceed more than 5 to 1. The percentage of the CEO of our company for 2023 ranges from 398 to 1..

Comcast Board of Directors recommends a “no” vote on the suggestion.



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