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

Other stories of interest:

1. Bankrupt Charter Cable Throws Money Party for CEO: $7.4 Million = Double Pay for Trip to Bankruptcy Court
2. Time Warner Cable Struggles Through Recession, But Some Get Juicy Raises & Bonuses Anyway
3. What Recession? Cable Executives Enjoy Salary & Bonus Windfall
4. CenturyLink-Qwest Deal Gets Approval from FTC – Executives Set to Win $110 Million Windfall from Deal
5. Charter Cable Wants To Emerge From Bankruptcy And Overcharge Customers: Rate Hikes & Limits Under Consideration