ComCast 2024 CEO Pay for Brian Roberts, Michael Cavanagh revealed

The NBCuniversal owner ComCast announced the compensation package in 2024 for the chairman and CEO Brian Roberts and President Michael Cavanagh as well as the payment details for other top executives.

The Proxy Declaration by ComCast, submitted to the Securities and Exchange Commission, showed that Roberts’ salary was 33.9 million US dollars in 2024 million in 2023. It had $ 2022, $ 34.0 million in 2020 USD 32.7 million In 2020 and 2019, $ 36.4 million in 2020 in the amount of US dollars.

The Cavanagh remuneration package was a value of 28.3 million US dollars last year compared to $ 29.6 million in 2023. It earned 40.5 million US dollars in 2022 when he worked as a Chief Financial Officer until he was promoted to president in October 2022.

The Comcast share fell by 14 percent in 2024. The company’s sales, profit and adjusted net profit rose for the year, while his Free Cashflow decreased by 3 percent.

The company reported the result of the Q1 winnings at the beginning of this week, with Peacock still lost money (although narrowing is loss) and subscribers added. Steeper than expected in broadband, however, led to a decline in stocks on the street.

At the end of last year, Comcast presented the spin -off most of his cable networks in a separate company, which Mark Lazarus led as CEO, and promised “a new growth curia” for the combined assets. The company, which is being eliminated, which is currently called Spinco, is also headed by David Novak, who has recently been appointed chairman.

The spin-off will concentrate on what it has advertised as six growth transactions, namely streaming service Peacock, studios, themed parks, broadband, mobile and business services in residential areas. “These companies, the six, have healthy margins, healthy growth that are creative, and that is the future of our company,” said Roberts recently an investor conference. “So I feel very good with the core of the business and the growing core.”

The analyst of the Bank of America, Jessica Reif-Ehrlich, expressed optimistic about the separation moves. “Spinco could be used as a consolidation vehicle for cable networks in the entire industry,” she wrote in a report according to the news. “This step through comcast can also reduce the regulatory concerns regarding another attempted potential fusion with a large cable peer.”

Comcast will also open a new themed park in Orlando, Epic Universe next month.