Comcast: 2016 Was “Outstanding Year”
In 2015 NBC-Universal CEO’s Compensation Was Valued at $33.7M
(Note: 2016 figures for Comcast Executive Compensation are not yet available. But in its annual letter to shareholders, Comcast reports that 2016 was an “outstanding year.” For now, we must rely on 2015’s compensation figures.)
WHAT YOU NEED TO KNOW:
- Comcast provided $170.6 Million in Executive Compensation in 2015. But only SIX top executives benefited from these packages.
- Comcast’s top executives earned $39.9 Million in incentive-based bonuses in 2015.
- NBC Universal CEO Stephen Burke’s compensation package was valued at $33.7 Million, including a $9 Million incentive-based bonus in 2015.
- NBC Universal CEO Stephen Burke’s compensation package in 2015 was roughly equal to 2014's.
- In his 2016 Letter To Shareholders, Comcast CEO Brian L. Roberts reports that Comcast’s stock “has performed remarkably well; and the consistency and strength of our results have allowed us, with the support of our board, to split our stock two for one (the 12th split in our history) and to increase our dividend by 15%.”
- Meanwhile, earnings for TV Writer-Producers are DOWN 25%, based on median earnings from 2013–2014 to 2015–2016, according to the WGA.
- The WGA’s Financial Asks from the “Big Six” Media Companies are estimated to total $117 Million Per Year. ( The “Big Six” companies are CBS, Comcast, Disney, Fox, TimeWarner, & Viacom)
- Collectively these “Bix Six” Media Companies provided approximately $725 Million in Executive Compensation in 2016. Only 33 individuals benefited from these compensation packages.
- The Writers Guild of America has about 12,000 members. The guild is seeking Fair Pay & Benefits in its negotiations against the AMPTP, the trade association that represents these “Big Six” media companies.
For More Details on Comcast’s Executive Compensation, please check out this Executive Compensation table from the company’s own S.E.C. filings: