[171] The partnership and the addition of wireless would allow Comcast to offer a quadruple play of services. Zach Bates, Vice-Chair & Treasurer. 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! This shows whether Comcast discloses data about the diversity of its board of directors, C-suite, general management, and employees overall across a variety of metrics. None other than: Frank Carlucci (of The Carlyle Group) Television Holdings: CBS: includes 14 stations and over 200 affiliates in the US. On April 3, 2007, Comcast announced it would acquire the cable systems owned and operated by Patriot Media, a privately held company owned by cable veteran Steven J. Simmons, Spectrum Equity Investors and Spire Capital, that served approximately 81,000 video subscribers for $483million. Philadelphia, Pennsylvania, United States. [111] In 2004, Comcast sold its QVC shares to Liberty Media for $7.9 billion.[112]. 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. 2/27/2023 12:05 AM. [94], Comcast offered internet connection for the first time in 1996, with its part in the launch of the @Home Network. [33], Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. [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 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 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 . He was recognized byBarronsas one of the Worlds Best CEOs, named a Businessperson of the Year byFortunemagazine and named one of Americas top CEOs byInstitutional Investormagazine for the 17th time. [37] Employee diversity is also an attribute upon which Comcast receives strong marks. 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. [184], On May 7, 2018, Comcast announced a potential bid against Disney's effort to acquire Fox after it spoke to investment banks about making a $60 billion cash offer, pending on approval of the AT&TTime Warner merger. [32] In 2011, Comcast received criticism from Writers Guild of America for its policies regarding unions. [185] Eight days later, several Fox investors expressed interests in signing a deal with Comcast due to their all-cash offer as opposed to Disney's $52.4 billion stock offer. "[201] On the next day, CEO of AT&T Randall Stephenson gave an interview with CNBC, about Comcast's bid for Fox: "It probably can't help it. Officers of the Foundation Lorina Marshall-Blake President Juan Lopez Treasurer Community Report The Xfinity Customer Commitment. [109][110] However, after rejection by Disney and uncertain response from investors, the bid was abandoned in April. [42] Comcast reported first quarter 2012 profit increases of 30% due to increase in high-speed internet customers. Between 1999 and 2009, return on capital nearly tripled to 7%. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. [157][158] According to Politico, Comcast "donated to almost every member of Congress who has a hand in regulating it". Since October 2018, it has also been the parent company of Sky Group. Base pay is one part of the Total Rewards that Comcast provides to compensate and recognize employees for their work. . Source: FactSet. [189], On June 15, 2018, the European Commission gave antitrust clearance to Comcast's offer to purchase Sky, citing that in terms of their current assets in Europe, there would be limited impact on competition. She leads Square, inclusive of . At the same time, Fox was given clearance by the British government to purchase Sky. Under his leadership, Comcast has grown into a global company uniquely positioned at the intersection of media and technology with three primary businesses, Comcast Cable, NBCUniversal and Sky. [124], In April 2005, Comcast and Time Warner Cable announced plans to buy the assets of bankrupted Adelphia Cable. Comcast's NHL deal obligated them to create a U.S. version of NHL Network, launched in October 2007. The Atlantic Council has an enormous board of directors that includes retired public servants like George W. Bush national security adviser Stephen Hadley and Gen. David Petraeus; lobbyists. The SEC Filings on this page are provided by EDGAR (www.sec.gov), the Electronic Data Gathering, Analysis, and Retrieval System of the U.S. Securities and Exchange Commission (SEC). He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. Comcast intends to offer the selected candidate base pay dependent on job-related, non-discriminatory factors such as experience. In response, Comcast increased its bid to $34 billion, and $19.5 a share. ACTIVE DIRECTOR TRENT CLAUSEN Vice President of Engineering Comcast Cable. Read More . [223] and in August, the proposed service was scrapped, resulting in layoffs of 60 employees. Ian.Frazer@lennar.com Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings),[note 1] headquartered in Philadelphia, is the largest American multinational telecommunications conglomerate. Board of Directors. Congressmen as lobbyists. [196][197], On July 11, 2018, 21st Century Fox raised its bid to purchase Sky plc assets to $32.5 billion, and $18.57 a share. [118], Comcast announced in May 2007[119] and launched in September 2008 a dashboard called SmartZone that allowed users to perform mobile functions online. You're in a situation where two entities are bidding for an asset, and this kind of action can obviously influence the outcome of those actions."[202]. [150], On February 12, 2014, the Los Angeles Times reported that Comcast sought to acquire Time Warner Cable in a deal valued at $45.2 billion. [19] Given its negotiating power as a large ISP, some suspect that it could leverage paid peering agreements to unfairly influence end-user connection speeds. Ms. Henry is an independent director. 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. To access the individual Committee Charters please click below. In 2007, Tye joined the law firm of Morgan Hill, P.C., as an associate attorney. Browse Board of Directors By First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Browse Executives by First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K Detailed Quotes Tools Email Alerts RSS Feeds IR Contact FAQs Ellen Friedell, Barrie Trimingham, Settlement Music School's board chair and Helen Eaton, Executive Director of Settlement Music School at the School's 107th Anniversary Gala at Hyatt at The Bellevue Philadelphia Hotel on May 2, 2015. . [206] In October 2018 Comcast later acquired the rest of the shares of Sky with the company being delisted in November. [203] Three days later, Comcast officially announced that it was dropping its bid on the Fox assets in order to focus on their bid for Sky. [167] The move was seen by Variety as an attempt to appeal to the cord-cutting market.[167]. An All-American in squash, Brian competed six times in the Maccabiah Games in Israel. Analysis of the surveys states that "Comcast is one of the lowest scoring companies in ACSI. 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. [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]. Raymond James Bank. [67] Comcast's PAC, the Comcast Corporation and NBCUniversal Political Action Committee, is among the largest PACs in the U.S., raising about $3.7 million from 2011 to 2012 for the campaigns of various candidates for office in the United States Federal Government. Mr. Breen is the Executive Chairman and Chief Executive Officer of DuPont de Nemours, Inc. Before becoming CEO, he was Executive Chairman of DuPont and previously served as CEO of DowDuPont and DuPont since 2015. Brian is the recipient of the Humanitarian Award from the Simon Wiesenthal Center and the Pennsylvania Societys Gold Medal for Distinguished Achievement Award. 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. Today, Comcast Corporation has approximately 186,000 employees worldwide and $121 billion in annual revenue. Moved to the UK in mid-2020, at that time running broadcasting for News Corp's British arm. Kenneth J. Bacon. . [43] In February 2014, Comcast generated $1.1 billion in revenue during the first quarter due to the 2014 Winter Olympics in Sochi. Board of Directors Ted Baecher. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand. 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. 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. Comcast Board Members Name & TitleBio Brian L. Roberts CEO Brian Michael Roberts (born October 9, 1977) is an American former professional baseball second baseman. Date Posted: February 21, 2023 Salary: $16,337.00 - $19,858.00 Monthly Description: The Deputy General Counsel will perform varied professional legal work with emphasis on the County Employees Retirement Law of 1937 (CERL) and the California Public Employees' Pension Reform Act of 2013 (PEPRA); analyze Board of Retirement policies, regulations and guidelines to ensure compliance with . 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. [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. [147][148] The acquisition was completed on March 19, 2013. More than a thousand customers issued complaints about these unprecedented charges to their bill. [41], The book value of the company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. Greg Butz. Operations and Supply Chain Executive: Jeff.Fleck@comcast.net<br>Senior Operations / Supply Chain Executive with proven record of building organizations and driving performance excellence to . [108] The deal would have made Comcast the largest media conglomerate in the world. Prior to his current position, Hoplamazian served as president of The Pritzker Organization (TPO), the principal financial and investment advisor for Pritzker family . In August 2006, Comcast and Time Warner Cable dissolved a 50/50 partnership that controlled the systems in the Houston, Southwest Texas, San Antonio, and Kansas City markets under the Time Warner Cable brand. [131][132] Vivendi, which owns 20%, would have to sell its stake to GE. [240][241] Comcast employs the spouses, sons and daughters of mayors, councilmen, commissioners, and other officials to assure its continued preferred market allocations. CBS Network News: 60 minutes, 48 hours, CBS Evening News with Dan Rather, CBS Morning News, Up to the Minute. 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. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. [257], Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}395716N 751007W / 39.9545N 75.1685W / 39.9545; -75.1685, This article is about the media conglomerate. Philadelphia, PA 19103. Mr. Angelakis currently serves on the board of directors of the Federal Reserve Bank of Philadelphia. [119], In May 2008, Comcast purchased Plaxo for a reported $150 million to $170 million. Can it overcome past failures? C: Chairperson M: Member * Independent Lead Director Non-independent Directors. [35][36] The Boston Globe found Comcast to be that city's top place to work in 2009. Data may be intentionally delayed pursuant to supplier requirements. Fox stated that it "remains committed to its recommended cash offer for Sky", and that Comcast had not yet made a "firm offer". CNN's key executives include Michael Bass and 16 others. 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. As part of this acquisition, Comcast also acquired the National Digital Television Center in Centennial, Colorado as a wholly owned subsidiary, now known as the Comcast Media Center. [101] The purchase of Lenfest also bought Comcast the remaining 50% stock of the cable operator Garden State Communications a company whom Comcast had already owned half of in partnership with Lenfest for years. 305-559-4000 - Phone . In 2011, the company formed a joint venture with General Electric that gave it a 51% interest in NBCUniversal (NBCU). (Photo from Verizon) Women have played a vital role in the telecom industry for generations, but remain vastly underrepresented. MEET THE BOARD The Board of Directors has four committees: The Audit Committee, Compensation, Culture & People Committee, Finance Committee, and Nominating, Governance & Sustainability Committee. [20][21], Comcast is described as a family business. As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." 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. Source: Kantar Media, Chairman, President & Chief Executive Officer. [224][225] NBC subsequently allowed its free streaming service NBC News Now to be seen internationally, and is available globally on YouTube and on Sky TV and Virgin Media in the UK. Roberts owns or controls about 1% of all Comcast shares but all of the Class B supervoting shares, giving him an "undilutable 33% voting power over the company". Mr. Email. [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. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. EXECUTIVE BOARD & Active Director. His extensive background in global business spans the technology industry across a variety of markets, including telecommunications, data networking, security, defense and life sciences. [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. The Board of Directors (the "Board") of Comcast Corporation (the "Company") has adopted these corporate governance guidelines, which, in conjunction with the Company's articles of . [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. [163] Several states' attorneys general have announced support for the federal investigation. Comcast included a 10-year commitment to the operations and funding of Sky News similar to that of Disney's offer. Brian has won numerous business and industry honors for his leadership. Mark Aslett is President and Chief Executive Officer, and a member of the Board of Directors. You should consult your own tax advisor regarding the applicability of any state, local and foreign tax laws. Rima Qureshi is Verizon's Chief Strategy Officer & Executive Vice President. hollywoodreporter.com - Georg Szalai 4h. Compensation and Human Capital Committee. All rights reserved. [27] As of 2019, the company had 184,000 employees.[28]. Non-Employee Directors*. In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. [186] Then on June 5, 2018, Culture Secretary Matt Hancock cleared both 21st Century Fox and Comcast's respective offers to acquire Sky plc. [239], Comcast spends millions of dollars annually on lobbying. [113][114] On October 31, 2005, Comcast officially announced that it had acquired Susquehanna Communications, a South Central Pennsylvania-based cable television and broadband services provider and unit of the former Susquehanna Pfaltzgraff company, for $775 million cash. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. Mr. Montagner also serves as the Chair of our Compensation Committee. Comcast Corporation, based in Philadelphia, is the largest cable company in the United States, ahead of Time Warner Cable, with more than 24 million subscribers. Board Member. Comcast Corp. engages in the provision of video, Internet, and phone services. From the Effective Time until and including the second annual meeting of the stockholders of Comcast taking place after the Effective Time, (i) the Board of Directors of Comcast will nominate the New Directors for reelection to the Comcast Board of Directors at each subsequent annual or special meeting of the stockholders of Comcast at which the Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. The service operates as a business within the Comcast Cable division. Comcast's content networks and assets also include E!, Oxygen, Golf Channel, NBCSN, Universal Kids, Bravo, and the regional NBC Sports Networks. [236] Comcast's Customer Service Rating by the ACSI surveys indicate that the company's customer service has not improved since the surveys began in 2001. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. "[29] A widely read article by an anonymous Comcast call center employee appeared in November 2014 on Cracked. [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. 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. [200], However, on July 12, 2018, the Department of Justice filed a notice of appeal with the D.C. Andy Davis's Phone Number and Email Last Update. International stock quotes are delayed as per exchange requirements. [80][91] By 1994, Comcast owned 50% stock in the cable communications company Garden State Cable, who by that year were serving approximately 195,000 subscribers. However, after a bidding war that included Disney (which was, in turn, acquiring most of 21st Century Fox assets), Comcast acquired the entirety of Sky in 2018 for 17.28 per-share. Governance and Corporate Responsibility Committee. He also received the Legend and Leadership Award from the Yale School of Managements Chief Executive Leadership Institute. Pay Range: $150,713.72 - $226,070.58. The information here is provided for your convenience only. Steve Raney. In 1963, Ralph J. Roberts in conjunction with his two business partners, Daniel Aaron[79] and Julian A. Brodsky, purchased American Cable Systems[80] as a corporate spin-off from its parent, Jerrold Electronics, for U.S. $500,000. Brian is a member of the Business Roundtable and served on President Obamas Council on Jobs and Competitiveness. "Official Employees are from multiple teams within Comcast: Product, Support, Leadership. Governance and Corporate Responsibility Committee Charter, Compensation and Human Capital Committee Charter, Governance and Corporate Responsibility Committee. Communication with shareholders and other interested parties is an important part of the governance process. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. Comcast was also ordered to disclose the full amounts customers will be charged for using their services on their advertisements. Like Disney, the deal included the 20th Century Fox film and television studios, cable entertainment and broadcast satellite networks including FX Networks, National Geographic Partners, Fox Sports Networks, and international channels such as Star India. Your own tax advisor regarding the applicability of any information obtained through EDGAR to work '' lists also! Charged for using their services on their advertisements [ 108 ] the Boston Globe found Comcast to offer the candidate. Consult your own tax advisor regarding the applicability of any information obtained through EDGAR business! Will be charged for using their services on their advertisements bankrupted Adelphia Cable companies in ACSI ] as 2019! Consult your own tax advisor regarding the applicability of any state, and! [ 29 ] a widely read article by an anonymous Comcast call Center Employee appeared in.! Of 60 employees. [ 167 ] vastly underrepresented the Yale School of Managements Chief Executive Officer Juan Treasurer! Other interested parties is an important part of the shares of Sky with the had... Rima Qureshi is Verizon & # x27 ; s British arm Obamas Council on and. 36 ] the move was seen by Variety as an associate attorney described as family! 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