Cryptocurrencies: Cryptocurrency quotes are updated in real-time. As part of the deal, Time Warner Cable and Comcast traded existing subscribers in order to consolidate them into larger geographic clusters.[127][128]. Brian L. Roberts, chairman and CEO of Comcast Kenneth J. Bacon, former Fannie Mae executive Madeline S. Bell, president and CEO of Children's Hospital of Philadelphia Edward D. Breen (lead independent director), executive chairman and CEO of DuPont Gerald Hassell, former chairman and CEO of The Bank of New York Mellon This also means that a cable company can do well financially even though its customers are not particularly satisfied. Berkshire's 2002 quarterly reports are scheduled to be posted on the Internet on May 11, August 10 and November 9. Below is a summary of our committee structure and membership information. [89], In February 1990, Ralph Roberts' son, Brian L. Roberts, succeeded his father as president of Comcast. On August 22, 2016, NBCUniversal bought DreamWorks Animation along with its major IP, including Shrek, How to Train Your Dragon, Kung Fu Panda, Trolls, and Madagascar and Big Idea Entertainment owning its famous Christian computer animated direct-to-video franchise VeggieTales. [171] The partnership and the addition of wireless would allow Comcast to offer a quadruple play of services. CBS Network News: 60 minutes, 48 hours, CBS Evening News with Dan Rather, CBS Morning News, Up to the Minute. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. Andy Davis's Phone Number and Email Last Update. ", "Why Comcast is the Worst Company in America", "Brian Roberts on His Vision for Comcast", "Comcast to build second, taller Phila. On May 19, 2009, Disney and ESPN announced an agreement to allow Comcast Corporation to carry the channels ESPNU and ESPN3.[211]. Stephen B. Burke has served as an Executive Vice President for more than five years. [194] On June 27, the United States Department of Justice gave antitrust approval to Disney under the condition of selling Fox's 22 regional sports channels, to which the company has agreed. Plans for the launch initially scheduled for summer 2020[222] were put on hold due to the COVID-19 pandemic in the United Kingdom. Directors Timothy Adams Mindyjane Berman Iris Boci Gary Bridges David Deets Dee Dukes Gordon Fink Trenya Garner Brian is a member of the Business Roundtable and served on President Obamas Council on Jobs and Competitiveness. [43] In February 2014, Comcast generated $1.1 billion in revenue during the first quarter due to the 2014 Winter Olympics in Sochi. [136], Following a tentative agreement on December 1,[137] the parties announced that Comcast would buy a controlling 51% stake in NBC Universal, including Universal Pictures, for $6.5billion in cash and $7.3billion in programming on December 3. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. [23] Legal expert Susan P. Crawford has said this gives him "effective control over [Comcast's] every step". Brian Roberts Move Chairman Emeritus Ralph Roberts Move Director Kenneth Bacon Move Director Madeline Bell Move Director Naomi Bergman Move Director Edward Breen Move Director Gerald Hassell Move Director Jeffrey Honickman Move Director Maritza Montiel Move Director Asuka Nakahara Move Director David Novak Move CFO Jason Armstrong Move Audit L. The information here is provided for your convenience only. [80] In 1988, Comcast was able to buy a 50% share of SCI Holdings in a joint deal with Tele-Communications Inc.[88] Comcast also acquired American Cellular Network Corporation in 1988 for $230 million, marking the first time it became a mobile phone operator. Mr. Angelakis currently serves on the board of directors of the Federal Reserve Bank of Philadelphia. [246] The FCC issued a $2.3 million fine to Comcast after finding that the company was charging customers for unordered services and equipment. Director, State Government Affairs Charter Communications. [24], Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. The ACSI analysis also addresses this contradiction, stating that "Such pricing power usually comes with some level of monopoly protection and most cable companies have little competition at the local level. [108] The deal would have made Comcast the largest media conglomerate in the world. Revenues grew sixfold from 1999's $6billion to almost $36billion in 2009. Mr. Montagner also serves as the Chair of our Compensation Committee. [39] The Human Rights Campaign has given Comcast a 100 on the Corporate Equality Index[40] and one of the best places for LGBT people to work. [240][241] Comcast employs the spouses, sons and daughters of mayors, councilmen, commissioners, and other officials to assure its continued preferred market allocations. Steve Raney. Governance and Corporate Responsibility Committee Charter, Compensation and Human Capital Committee Charter, Governance and Corporate Responsibility Committee. [138][139][140] GE would take over the remaining 49% stake in NBC Universal, using $5.8billion to buy out Vivendi's 20% minority stake in NBC Universal. [8] It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. She leads Square, inclusive of . (215) 665-1700. tom_karinshak@cable.comcast.com. Fox's offer is contingent on the divestiture of Sky News. Prior to his current position, Hoplamazian served as president of The Pritzker Organization (TPO), the principal financial and investment advisor for Pritzker family . Comcast became the sponsor of NASCAR's second-tier series renaming it the NASCAR Xfinity Series in 2015. [20][21], Comcast is described as a family business. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. She is a member of Adweek's Diversity, Equity and Inclusion Council and the Global Sponsor of the colleague Diversity Action Network at American Express. On February 27, 2018, Comcast offered to purchase 61% stake in Sky plc at a value of 12.50 per-share, approximately 22.1 billion. Any such correspondence relating to accounting, internal accounting controls or auditing matters is handled in accordance with procedures established by the Audit Committee. More than a thousand customers issued complaints about these unprecedented charges to their bill. [151] On February 13, it was reported that Time Warner Cable agreed to the acquisition. [95] Also in 1996, Comcast formed Comcast Spectacor, which became owner of the Philadelphia Flyers. [223] and in August, the proposed service was scrapped, resulting in layoffs of 60 employees. [62] Comcast was among the top backers of Barack Obama's presidential runs, with Comcast vice president David Cohen raising over $2.2 million from 2007 to 2012. Board of Directors This section contains our Board of Directors' biographies. Engage via Email. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. [31] A dispute in 2004 with CWA, a labor union representing many employees at Comcast's Beaverton, Oregon offices, led to allegations of management intimidating workers, requiring them to attend anti-union meetings and unwarranted disciplinary action for union members. Members include Adobe co-founder Dr. John Warnock and experts from a broad . GE would maintain 49% control of the new company, while Comcast owned 51%. $3,010,000. [24] In 2010, he was one of the highest paid executives in the United States, with total compensation of about $31 million. [83] That same year, in partnership with Disney, Comcast got a 50.1% controlling interest in E! [198][199] On July 18, 2018, Bloomberg reported that the Sky board scheduled July 27, 2018 as the day shareholders vote on selling Sky properties. MEET THE BOARD The Board of Directors has four committees: The Audit Committee, Compensation, Culture & People Committee, Finance Committee, and Nominating, Governance & Sustainability Committee. Andy Davis is a Director, Government Affairs at Comcast based in Philadelphia, Pennsylvania. Mr. Power Releases 2008 Residential Television Service Satisfaction Survey, "Netflix's Hastings makes the case for Net neutrality", "Cable monopolies hurt consumers and the nation", "Congratulations To Comcast, Your 2014 Worst Company In America! Any stakeholder who wishes to contact the board, chairman or any director can send correspondence to: Lumen Board of Directors. In 2002, Comcast paid the University of Maryland $25million for naming rights to the new basketball arena built on the College Park campus, the Xfinity Center. Tom Karinshak. [172][173] Including Comcast's Home Security offering, customers now have the option of a Quintuple Play. [111] In 2004, Comcast sold its QVC shares to Liberty Media for $7.9 billion.[112]. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. CNN's key executives include Michael Bass and 16 others. In 2009, it was included on CableFAX magazine's "Top 10 Places to Work in Cable", which cited its "scale, savvy and vision". The ACSI indicates that almost half of all cable customers (regardless of company) have registered complaints, and that cable is the only industry to score below 60 in the ACSI. Comcast Cable also provides similar services to small to medium-sized business through its Comcast Business brand, and Fortune 1000 companies through its Comcast Enterprise brand. Ms. Henry is an independent director. This was the second time Comcast had been awarded this title, the first being in 2010. We highlight various female leaders in the broadband industry. [239], Comcast spends millions of dollars annually on lobbying. Base pay is one part of the Total Rewards that Comcast provides to compensate and recognize employees for their work. Michelle Lund. To access the individual Committee Charters please click below. Jonathan Levy has been appointed managing director and executive editor of Sky News U.K. Comcast-owned European TV giant Sky unveiled a new leadership . EXECUTIVE BOARD & Active Director. 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