Comcast COO Burke Snags $34 Million In 2009 Compensation
Comcast (NSDQ: CMCSA) COO Steve Burke, who will assume responsibility for running the Philadelphia MSO’s vast content assets after its NBC Universal (NYSE: GE) joint venture passes regulatory muster later this year, got a Hollywood-style salary increase in 2009, with his total compensation rising 50% to $33.9 million from $22.6 million in the prior year.
According to Comcast’s proxy statement filed with SEC Friday, the bulk of Burke’ increase was fueled by additional stock awards—at $10.1 million in 2009 more than twice the $4 million he was awarded in 2008. Burke also received a $3 million bonus—he received no bonus in 2008—and his base salary rose slightly to $2.33 million in 2009 vs. $2.22 million in 2008.
Chief financial officer Michael Angelakis, the architect of the NBCU deal, saw his total compensation rise 49% to $21.6 million from $14.5 million in 2008, fueled largely by a doubling of his stock awards for the year to $6.1 million from $3 million in 2008. More on Multichannel.
Posted In: Companies, Comcast, NBC Universal, steve burke

iTunes Albums
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: