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Comcast President and CEO Brian Roberts saw his total compensation increase for 2018, while the number of NBCUniversal CEOs, Steve Burke, dropped by more than $ 6 million last year.
Roberts' total compensation reached $ 35 million last year, fueled by a $ 10.7 million performance bonus and over $ 10 million in stock options and share awards. a document filed Friday by Comcast with the Securities and Exchange Commission. This represented $ 32.5 million in 2017.
Burke's total for 2018 is $ 39.9 million, compared to $ 46.5 million in 2017. Burke has received a $ 10 million performance bonus and $ 10 million in options. shares and option grants. In 2016 and 2017, Burke's salary was rewarded with a $ 15.3 million bonus over the two years.
Information on the compensation of corporate officers accompanying the corporate proxy season has sparked renewed debate over what many perceive as excessive remuneration of general managers for public company executives. Experts say that careful scrutiny of corporate compensation practices is becoming a priority for activist investors and advocates of social justice.
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"Activism has had an impact on the compensation of CEOs, but more on how CEOs are paid – the performance metrics used, the performance metrics selected – rather than the level of compensation per se," said Jason Schloetzer, badociate professor at McDonough of Georgetown University. School of Commerce. "This could change as activists could begin to look closely at the level of CEO compensation, a test of the quality of governance."
Such activism led to the introduction in 2017 of a new SEC rule requiring public companies to report the ratio of the CEO's compensation to the median salary earned by the company's 161,000 employees, although Comcast indicates that it must include 12,000 part-time, seasonal and temporary positions. the workers in the count. Roberts' pay for 2018 is 426 times Comcast's median salary of $ 82,205.
Chief Financial Officer Michael Cavanagh, who had a slight gain of $ 21.7 million, Executive Vice President David Cohen ($ 19.1 million) and Comcast Cable Chief David Watson (14.7 million), are among the other sources of income.
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