Home » Comcast/Xfinity » Currently Reading:

Comcast Pay Bonanza – $31.1 Million for CEO Brian Roberts in 2010

Phillip Dampier April 4, 2011 Comcast/Xfinity 3 Comments

Roberts - Too much to spend in one place

While your cable bill rose in 2010, so did Comcast CEO Brian Roberts’ compensation package, totaling $31.1 million dollars last year — a 14 percent raise.

Most of Roberts’ increased salary came from a performance-based cash bonus of nearly $11 million, earned partly from bringing home the merger of the nation’s largest cable company with NBC-Universal.  In fact, Roberts humbly declined part of his earned bonus, which was supposed to total $13.4 million, turning back the difference because of appearances.

Indeed, Comcast executives suffered from a salary freeze through much of 2010, which expired this February.  But since bonuses far exceed base salaries on the top floor of Comcast’s executive suites, it’s unlikely any executive had to cut back on their personal spending to compensate.

Besides, the company covers many of the “extras” considered mandatory these days at America’s top companies:

  • Enhanced health insurance benefits which often never expire, even after retirement;
  • Personal use of the company’s executive aircraft ($200k);
  • Three million to his deferred compensation plan;
  • A $10,000 special company contribution to his retirement account (petty cash);
  • Free cable

Currently there are 3 comments on this Article:

  1. jr says:

    “We can afford 31 million for our CEO but can’t afford not to ration your bandwidth!”-Comcast

    “I believe you!”-Randians

  2. blipster says:

    So that’s why Comcast’s prices are so outrageous! How very nice for Brian. Truly working hard for the money, that guy.

    (Rant pertaining to Comcast prices: I called about basic cable and asked for the cheapest package available. It was more than I wanted to spend: $25.00/month for what I used to get for 10.00/month back in 2005. Pressed the rep for a cheaper package and found out that, hey, there is one, AND it would give me more channels than the more expensive one! Still more than I wanted to pay, though. After explaining I’m on a tight budget, she suggested I get a 100.00/month bundle. “Tight budget” – Is that a hard concept to understand? I love it when telecom companies have so little competition).

  3. Tim says:

    I don’t have any qualms with someone making a buck but how much is enough? 31.1 million, you could easily live on a 1/10th of that comfortably. I hope to see the day when people wake up and see that we are being hoodwinked by these select few in power. CEO salaries have been sky rocketing for more than a decade now while the average worker is seeing less and less pay. The ratio is just ridiculous, 500 to 1 or around that, considering it was around 30 to 1 back in the 60’s. Like I said, I don’t mind people making a buck but it looks to me like they are hording all of the wealth for themselves. All I ask is that they share the wealth with the people that do the real work, the average worker.

Search This Site:

Contributions:

Recent Comments:

  • Jake K.: Got the email from Cox on the 19th. Called on the 20th to cancel, And tonight on the 28th I'm using my cellphone as a modem. If only "5%" of the their...
  • Unloaded One: I'm a TWC customer and I'm bracing for things to go from bad to worse should this merger go through. I want to be optimistic but they don't make that ...
  • Joe V: Yes, last bill I paid a few days ago was $71.00-for a 6-meg connection which truthfully is 4.8-megs. I have contacted Sonic.net, DSL Extreme, Earthl...
  • Phillip Dampier: $71!!!! Do you know if Earthlink is available in your area without a data cap over AT&T DSL? You might try and visit Earthlink's website and see i...
  • Joe V: You know Phil I have AT&T really slow DSL here in California. I'm supposed to get 6megs-in reality its 4.8 or slower depending on time of day-pl...
  • Dancer: Frontier shall begin their rapid GPON FiOS expansion on all territories serviced by Verizon before because Verizon loves to reduce Fiber opportunities...
  • BobInIllinois: Bob, Cableco's have much larger profit margins on internet service than they do on TV service....
  • Bob: Apparently Charter's service differs depending on location. I live in southwest Michigan and I've had very good service from Charter. Every time I hav...
  • Juan V: What is the alternative. I loved to be able to go to sleep at night listening to something streaming over the network. I need to keep my costs low for...
  • Josh Emerson: I've had Charter for years and they're actually pretty good. Just tested my speed and got 64Mbps. I'm paying for 60Mbps so I'm actually getting more. ...
  • Funnybunnyofdoom: I am appalled at their business practices. I received a "free offer" today from them that seems too good to be true. After doing a little research I f...
  • Scott in Austin: Doubtful. I pay $40 a month for 50 Mbps up with Time Warner Cable and have never had a problem. Will I get the same with Charter?...

Your Account: