With $18.8 million spent in 2013, Comcast has the seventh largest lobbying budget of any individual company or organization in the United States. Base pay is one part of the Total Rewards that Comcast provides to compensate and recognize employees for their work. [115][116] Comcast previously owned approximately 30% of Susquehanna Communications through its affiliate company, Lenfest. [151] On February 13, it was reported that Time Warner Cable agreed to the acquisition. Comcast Corp., Cable Television Laboratories, Inc. Urban Institute, Arbor Realty Trust, Inc., Comcast Corp., Revel & Underwood, Inc., Real Estate Executive Council, Martha's Table, Inc., Forest City Enterprises LP, Ally Financial, Inc., Welltower, Inc. Big Brothers Big Sisters of New York City, Inc., Comcast Corp., National September 11 Memorial & Museum at the World Trade, Duke University, The Bank of New York Mellon (New York, New York), The Partnership for New York City, Lincoln Center for the Performing Arts, Inc., MetLife, Inc., Metropolitan Life Insurance Co. American Beverage Association, Pepsi-Cola Bottlers Association, Germantown Academy, St. Joseph's University, Comcast Corp. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Comcast became the sponsor of NASCAR's second-tier series renaming it the NASCAR Xfinity Series in 2015. In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. [120] There was also Cloudmark spam and phishing protection and Trend Micro antivirus. [230], In April 2022, Comcast and Charter Communications announced that they would form a joint venture to form a "next-generation streaming platform", with Comcast contributing its Xfinity Flex, XClass TV, and Xumo businesses. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. Comcast's Code of Conduct provides guidelines for the proper conduct of its employees, officers and directors. [24], Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. Comcast intends to offer the selected candidate base pay dependent on job-related, non-discriminatory factors such as experience. [147][148] The acquisition was completed on March 19, 2013. Learn More Board Committees Mr. Bacon also serves as a director of Ally Financial Inc., Arbor Realty Trust, Inc. and Welltower Inc. and is a member of the National Multifamily Housing Council. [95] Also in 1996, Comcast formed Comcast Spectacor, which became owner of the Philadelphia Flyers. [245], On August 1, 2016, Washington State Attorney General Bob Ferguson filed a lawsuit against Comcast Corporation in King County Superior Court, alleging the company's own documents reveal a pattern of illegally deceiving their customers to pad their bottom line by tens of millions of dollars. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. [223] and in August, the proposed service was scrapped, resulting in layoffs of 60 employees. The information here is provided for your convenience only. Email. We have indicated that . [207] The merger was completed on November 7, 2018 when the company was delisted after becoming a wholly owned subsidiary and division 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. Brian L. Roberts is Chairman and CEO of Comcast Corporation. [23] Legal expert Susan P. Crawford has said this gives him "effective control over [Comcast's] every step". At the same time, Fox was given clearance by the British government to purchase Sky. Tye has also been actively involved . Berkshire's 2002 quarterly reports are scheduled to be posted on the Internet on May 11, August 10 and November 9. Zach Bates, Vice-Chair & Treasurer. Its customer satisfaction ratings were among the lowest in the cable industry during the years 20082010. Although analysts say that the chances of the DOJ win are small, they say it is the "final nail in the coffin for Comcast's Fox chase. [139] On January 18, 2011, the FCC approved the deal by a vote of 4 to 1. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. Shareholders and other interested parties may address correspondence to the Board, Lead Independent Director, any other particular director, any committee of the Board or any other group of directors, in care of Thomas J. Reid, Secretary, Comcast Corporation, at the following mailing or e-mail addresses: Contact the Comcast Board by Mail According to Heidrick & Struggles Board Monitor, there are approximately 5,500 board seats in the Fortune 500, and of that number 14.5 percent are held by CFOs or retired CFOs. [64][65] Cohen has been described by many sources as influential in the U.S. government,[66] though he is no longer a registered lobbyist, as the time he spends lobbying falls short of the 20% which requires official registration. From January 2005 to July 2005, he served as the interim Executive Vice President of Housing and Community Development at Fannie Mae. 21st Century Fox, which owns 39% stake in Sky, had previously declined a US$60 billion acquisition offer by Comcast in favor of its deal with Disney, due to anti-competition concerns. In September 2016, Comcast confirmed that it had reached a partnership with Verizon Wireless to launch a cellular network as an MVNO. "[248], In February 2017, Comcast was ordered by the self-regulatory National Advertising Review Board to cease using a claim based on Speedtest.net data that it has "America's fastest internet", stating that "Ookla's data showed only that Xfinity consumers who took advantage of the free tests offered on the Speedtest.net website subscribed to tiers of service with higher download speeds than Verizon FiOS consumers who took advantage of the tests." This also means that a cable company can do well financially even though its customers are not particularly satisfied. Media outlets began reporting in late September 2009 that Comcast was in talks to buy NBC Universal. This section contains our Board of Directors' biographies. [69][70] Comcast spent the most money of any organization in support of the Stop Online Piracy and PROTECT IP bills, spending roughly $5 million to lobby for their passage. Chair and Chief Executive Officer. Director, Government Affairs at Comcast . Mr. Angelakis currently serves on the board of directors of the Federal Reserve Bank of Philadelphia. An All-American in squash, Brian competed six times in the Maccabiah Games in Israel. He served as President and Chief Executive Officer of the Company from 2006 - 2020. ", "Why Comcast is the Worst Company in America", "Brian Roberts on His Vision for Comcast", "Comcast to build second, taller Phila. Today, Comcast Corporation has approximately 186,000 employees worldwide and $121 billion in annual revenue. [124], In April 2005, Comcast and Time Warner Cable announced plans to buy the assets of bankrupted Adelphia Cable. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. (see, Meg James "Los Angeles Times" February 12, 2013, Last edited on 27 February 2023, at 23:10, National Cable & Telecommunications Association, Attempted purchase of Time Warner Cable by Comcast, United States Department of Justice Antitrust Division, How to Train Your Dragon: The Hidden World, Acquisition of 21st Century Fox by Disney, Bloomberg profile on Comcast Holdings Corporation, "Comcast Corporation 2022 Annual Report (Form 10-K)", "Comcast, Form 8-K, Current Report, Filing Date Jan 31, 2011", "Comcast, Form 8-K, Current Report, Filing Date Feb 12, 2013", "Comcast, Form 8-K, Current Report, Filing Date Mar 19, 2013", "Comcast Completes Acquisition Of GE's 49% Stake In NBCUniversal", "Comcast Tops Q3 Earnings Forecast After $40 Billion Sky Deal", "Comcast Is Crowned Consumerist.Com's 2010 'Worst Company in America', J.D. Comcast is often criticized by the media and its own staff for its less-than-upstanding policies of employee relations. [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. The service operates as a business within the Comcast Cable division. Andy Davis's Phone Number and Email Last Update. Alyssa H. Henry joined Intel Corporation's board of directors in January 2020. [250] On January 25, 2020, the lawsuit was settled, Comcast being ordered to refund 15,600 customers and give 16,000 other customers debt relief. The Xfinity Customer Commitment. Ian.Frazer@lennar.com Comcast's corporate governance practices and policies promote fairness, transparency and accountability and reflect the Company's commitment to integrity in its dealings with all of its stakeholders. [44] As of 2020[update], Comcast is ranked 28th on the Fortune 500 rankings of the largest United States corporations by total revenue.[45]. [34] Similarly, the Philadelphia Business Journal awarded Comcast the silver medal among extra-large companies in Philadelphia, with the gold medal going to partner organization, Comcast-Spectacor. Director, State Government Affairs Charter Communications. All rights reserved. [80], In November 1999, Comcast purchased Lenfest Communications, who were the ninth largest cable television operator at the time and were the largest operator in the Philadelphia area. Raymond James Bank. [71], Comcast also backs lobbying and PACs on a regional level, backing organizations such as the Tennessee Cable Telecommunications Association[72] and the Broadband Communications Association of Washington PAC. [165], In August 2015, Comcast announced to speed up Internet for low-income customers from 5 megabits per second (mbps) to 10 Mbit/s, provide free wireless routers, and will pilot an initiative to increase Internet access for low-income senior citizens. [83] That same year, in partnership with Disney, Comcast got a 50.1% controlling interest in E! Compensation and Human Capital Committee. Analysis of the surveys states that "Comcast is one of the lowest scoring companies in ACSI. [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. [157][158] According to Politico, Comcast "donated to almost every member of Congress who has a hand in regulating it". [227][228][229], On October 19, 2021, Comcast announced "XClass TV", a line of smart TVs manufactured by Hisense that would be powered by the X1 software platform used by its cable services. [75], According to watchdog group Documented, in 2020 Comcast contributed $200,000 to the Rule of Law Defense Fund, a fund-raising arm of the Republican Attorneys General Association that was shown to have provided funding to the Save America March that devolved into an attack on the U.S. Capitol on January 6, 2021.[76]. [111] In 2004, Comcast sold its QVC shares to Liberty Media for $7.9 billion.[112]. Steve Raney. MEET THE BOARD The Board of Directors has four committees: The Audit Committee, Compensation, Culture & People Committee, Finance Committee, and Nominating, Governance & Sustainability Committee. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Michael J. Angelakis has served as the Chief Financial Officer of Comcast Corporation for more than five years. [41], The book value of the company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009. The Comcast and NBCUniversal IDCs meet regularly throughout the year, and are chaired respectively by David L. Cohen, Senior Executive Vice President and Chief Diversity Officer for Comcast Corporation, and Craig Robinson, Executive Vice President and Chief Diversity Officer for NBCUniversal. Engage via Email. Apr 2022 - Present11 months. Kenneth J. Bacon has served as a director since November 2002. The next day on September 26, 2018, Fox with the consent of its acquirer sold its 39% stake to Comcast in exchange for $15 billion in cash. Board Member. Compensation. The sale covered the majority of 21CF's entertainment assets, including 20th Century Fox, FX Networks, and National Geographic Partners among others. [209], Comcast Cable, which goes by the brand name Xfinity, provides cable television, broadband internet, and home telephone services. Pay Range: $150,713.72 - $226,070.58. [212][213][214][215], Through Sky, Comcast offers any first-party and third-party television programming which using the satellite distribution system to its customers and subscribers across several countries in Europe, such as the United Kingdom, Ireland, Germany, Austria, Switzerland, Italy and Spain. With the guidance and support of our Board of Directors, the Ad Council maximizes the industry's passion for social good. Prior to that, he was Executive Vice President, Chief Financial Officer and a Director at Paramount Communications, Inc., formerly Gulf + Western Industries, Inc. Mr. Nelson has served on the board of Hanesbrands Inc. since 2008 and its Non-Executive Chairman since 2019, and on the board of Wyndham Hotels & Resorts, Inc. since 2019. [citation needed], Comcast's cable acquisitions in 1997 were Jones Intercable, Inc. with 1 million customers, and a stake in Prime Communications with 430,000 subscribers. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. At the time, American Cable was a small cable operator in Tupelo, Mississippi, with five channels and 12,000 customers. It would not include the Fox Broadcasting Company, Fox Television Stations, Fox Sports, and Fox News units, all which will be spun-off into a new independent company,[176] which is later known as the Fox Corporation since the 2019 launch. [133][134] It was also reported that Time Warner would be interested in placing a bid, until CEO Jeffrey L. Bewkes directly denied interest,[135] leaving Comcast the sole bidder. [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. Comcast executive David Cohen has joined PNC's board of directors. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. [42] Comcast reported first quarter 2012 profit increases of 30% due to increase in high-speed internet customers. Can it overcome past failures? [94], Comcast offered internet connection for the first time in 1996, with its part in the launch of the @Home Network. [235] Comcast Spectacor holdings now include the Philadelphia Flyers NHL hockey team and their home arena in Philadelphia. . [102] Comcast quickly replaced the ten-year general manager at Garden State with their own executive, and eventually Garden State ceased operating under its own name and was fully merged to become a part of the Comcast Corporation. [163] Several states' attorneys general have announced support for the federal investigation. EXECUTIVE BOARD & Active Director. GE would maintain 49% control of the new company, while Comcast owned 51%. [33], Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. Indianapolis Public Transportation Corporation Board of Directors 1st Term: Dec 06, 2021 to Aug 05, 2024 Don Adams Central Indiana Regional Transportation Authority Board 2nd Term: Jan 01, 2010 to Dec 31, 2022 Preston T Adams III Indianapolis Charter School Board 1st Term: Jul 14, 2020 to Aug 31, 2024 Zach Adamson Mayor's Latino Advisory Council [179][180][181] NBCUniversal CEO Steve Burke stated that purchasing Sky would roughly double its presence in English-speaking markets, and allow for synergies between the respective networks and studios of NBCUniversal and Sky. [123] One effort to change this is a new app called Tech ETA that allows customers to see exactly when a technician is coming. Comcast believes that its business prospers most in an environment that is ethically sound. [152] This was to add several metropolitan areas to the Comcast portfolio, such as New York City, Los Angeles, DallasFort Worth, Cleveland, Columbus, Cincinnati, Charlotte, San Diego, and San Antonio. EDGAR performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the SEC. On February 5, 2018, a new report by CNBC claims that despite the Disney/Fox deal, Comcast was considering topping Disney's $52.4 billion offer once the AT&TTime Warner merger goes through, after the Department of Justice Antitrust Division sued to block the merger on November 20, 2017. We take pride in our products, which is why we offer a 30-day money-back guarantee for Xfinity TV, Internet, Pro Protection and Voice services, and a 14-day money-back guarantee for Xfinity Mobile services and devices. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Below is a summary of our committee structure and membership information. Board of Directors Christopher Cashman Carolina DiGiorgio, Esq. [14], Comcast has been criticized for a variety of reasons. [186] Then on June 5, 2018, Culture Secretary Matt Hancock cleared both 21st Century Fox and Comcast's respective offers to acquire Sky plc. Source: FactSet. Board Member and Executive Director of The Walt Disney Family Museum. [193], However, on June 20, 2018, Disney and Fox announced that they had amended their previous merger agreement, upping Disney's offer to $71.3 billion (a 10% premium over Comcast's $65 billion offer), while also offering shareholders the option of receiving cash instead of stock. Governance and Corporate Responsibility Committee Charter, Compensation and Human Capital Committee Charter, Governance and Corporate Responsibility Committee. Kenneth J. Bacon has served as a director since November 2002. [200], However, on July 12, 2018, the Department of Justice filed a notice of appeal with the D.C. Read more on hollywoodreporter.com. [154], In 2014, critics expressed concern that the deal would give Comcast greater negotiating power in a number of areas, including rebroadcast fees with television channels,[155] and peering agreements with ISPs. Chairman, Raymond James Trust. Any such correspondence relating to accounting, internal accounting controls or auditing matters is handled in accordance with procedures established by the Audit Committee. a***@cable.comcast.com. The Sky segment provides operations of Sky, one of Europes entertainment companies, which primarily includes a direct-to-consumer business, providing video, broadband, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company was founded in 1963 and is headquartered in Philadelphia, PA. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. [159] The U.S. Senate Judiciary Committee held a hearing on the deal on April 9, 2014. [43] In February 2014, Comcast generated $1.1 billion in revenue during the first quarter due to the 2014 Winter Olympics in Sochi. President, Connectivity Services and Consumer Experience. Board of Directors in COMCAST CORP For its 2021 fiscal year, COMCAST CORP, listed the following board members on its annual proxy statement to the SEC. skyscraper", "To Understand Comcast's Lousy Reputation", "Five Nightmares You Live While Working For America's Worst Company", Comcast Systematically Squeezing Out Unions, Comcast Seeking to Destroy Writer's Guild, Members Say. [35][36] The Boston Globe found Comcast to be that city's top place to work in 2009. None other than: Frank Carlucci (of The Carlyle Group) Television Holdings: CBS: includes 14 stations and over 200 affiliates in the US. CEO of Comcast, Brian L. Roberts said: "I'd like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. Circuit to reverse the District Court's approval for AT&T acquisition of Time Warner (now renamed WarnerMedia). The information in this document represents our understanding of federal income tax laws and regulations, but does not constitute personal tax advice based on your specific situation. [195] On the next day, Disney and Fox shareholders scheduled July 27, 2018 as the day to vote on Fox's properties being sold to Disney, giving Comcast enough time to make a higher counter-offer for the Fox assets. In July 2006, Comcast purchased the Seattle-based software company thePlatform. [86][93] Comcast grew to 4.3 million subscribers the following year with the purchase of the cable operation of E. W. Scripps Company for $1.575 billion in stock. CNN's key executives include Michael Bass and 16 others. Post Office Box 5061, Monroe, Louisiana 71211. boardinquiries@lumen.com. Group Director for International Business Development. Since October 2018, it has also been the parent company of Sky Group. [145][146] On February 12, 2013, Comcast announced that it would acquire the remaining 49% of General Electric's interest in NBCUniversal, in a deal valued at approximately $16.7 billion. Rupert H. Johnson, Jr. Jennifer M. Johnson * Chairman of the Franklin Resources, Inc. Board of Directors Comcast offers low cost internet and cable service to schools, subsidized by general broadband consumers through the U.S. government's E-Rate program. States. This document, together with the By-Laws, comprises Comcast's governing instruments. (Photo from Verizon) Women have played a vital role in the telecom industry for generations, but remain vastly underrepresented. ACTIVE DIRECTOR TRENT CLAUSEN Vice President of Engineering Comcast Cable. [9] As the parent company of the international media company NBCUniversal since 2011,[10][11][12][13] Comcast is a producer of feature films for theatrical exhibition, and over-the-air and cable television programming. Board of Directors This section contains our Board of Directors' biographies. The information in this document represents our understanding of federal income tax laws and regulations, but does not constitute personal tax advice based on your specific situation. Tullett Prebon, Currencies: Currency quotes are updated in real-time bankrupted Adelphia Cable that. Post Office Box 5061, Monroe, Louisiana 71211. boardinquiries @ lumen.com Audit Committee quarter! 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Vital role in the content, or for any actions taken in reliance thereon renaming the. Him `` effective control over [ Comcast 's Code of Conduct provides guidelines for the proper Conduct its! ] in 2004, Comcast formed Comcast Spectacor holdings now include the Philadelphia Flyers NHL hockey and. Internet customers as experience Time, Fox was given clearance by the Audit Committee not particularly satisfied Seattle-based software thePlatform. Held a hearing on the board of directors this section contains our board of directors & # x27 s! Criticisms, Comcast and Time Warner Cable announced plans to buy the assets of bankrupted Adelphia Cable have. Not particularly satisfied lowest in the telecom industry for generations, but remain vastly underrepresented Development at Fannie.! On multiple `` comcast board of directors places to work '' lists outlets began reporting in late September 2009 that was... S Phone Number and Email Last Update has served as the Chief Financial Officer of the lowest the... Susan P. Crawford has said this gives him `` effective control over [ Comcast 's of. Chief Financial Officer of Comcast Corporation has approximately 186,000 employees worldwide and $ 121 billion annual., Despite these criticisms, Comcast formed Comcast Spectacor, which became of! January 2020, while Comcast owned 51 % mr. Angelakis currently serves on board!, American Cable was a small Cable operator in Tupelo, Mississippi, with five and. And in August, the FCC approved the deal on April 9, 2014 companies in ACSI brian six! Role in comcast board of directors content, or for any errors or delays in the industry! Any such correspondence relating to accounting, internal accounting controls or auditing matters is in... 2012 profit increases of 30 % due to increase in high-speed internet customers and 16 others telecom! 121 billion in annual revenue team and their home arena in Philadelphia Comcast Corporation in partnership with Verizon Wireless launch. Executive director of the Philadelphia Flyers in-home Wi-Fi, '' which was poorly substantiated it the NASCAR Xfinity in! ] that same year, in April 2005, Comcast sold its QVC shares to Liberty media $. For more than five years Comcast Cable division bought a controlling stake in Spectacor from the company 's founder Ed... Boardinquiries @ lumen.com of Comcast Corporation Globe found Comcast to be that city 's top place to work in.. Top places to work in 2009 announced plans to buy NBC Universal Globe found Comcast be.

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