Comcast CEO Brian Roberts’ Pay Rises to $35.5M, President Michael Cavanagh’s Drops to $29.6M in 2023
NBCUniversal owner Comcast has disclosed higher 2023 compensation packages for chairman and CEO Brian Roberts and president Michael Cavanagh, along with pay details for other top executives.
Comcast’s proxy statement, filed with the Securities and Exchange Commission on Friday, a day after the company’s first-quarter 2024 earnings report, showed that Roberts’ pay hit $35.5 million in 2023, up 11 percent compared with $32.1 million in 2022. He had made $34 million in 2021, $32.7 million in 2020 and $36.4 million in 2019.
Cavanagh’s compensation package was worth $29.6 million last year, down 27 percent from $40.5 million in 2022 when he had served as chief financial officer until being promoted to president in October 2022, which brought him a pay boost. Jason Armstrong then took over as CFO in early 2023.
Cavanagh saw increases across most compensation categories, but his options awards for 2023 amounted to $7.0 million, compared with $21.1 million in 2022 when he was elevated.
Robert’s salary remained at $2.5 million in 2023, but his stock awards rose from $13.4 million in 2022 to $15.0 million,...
Comcast’s proxy statement, filed with the Securities and Exchange Commission on Friday, a day after the company’s first-quarter 2024 earnings report, showed that Roberts’ pay hit $35.5 million in 2023, up 11 percent compared with $32.1 million in 2022. He had made $34 million in 2021, $32.7 million in 2020 and $36.4 million in 2019.
Cavanagh’s compensation package was worth $29.6 million last year, down 27 percent from $40.5 million in 2022 when he had served as chief financial officer until being promoted to president in October 2022, which brought him a pay boost. Jason Armstrong then took over as CFO in early 2023.
Cavanagh saw increases across most compensation categories, but his options awards for 2023 amounted to $7.0 million, compared with $21.1 million in 2022 when he was elevated.
Robert’s salary remained at $2.5 million in 2023, but his stock awards rose from $13.4 million in 2022 to $15.0 million,...
- 4/26/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
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